Multifamily news in Finance & Investment - Minneapolis-St. Paul
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Top 5 Midwestern Markets for Multifamily Transactions
Even as deal velocity has slowed nationwide, one market’s volume through October picked up by nearly 50 percent compared to last year.
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Minnesota Affordable Property Gets $42M Refi
Aeon, Community Development Trust and Minnesota Housing closed the financing for a 422-unit community located within a few miles of Minneapolis-St. Paul International Airport.
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Minneapolis Student Housing Community Trades for $25M
The 122-unit property is within walking distance of the University of Minnesota.
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PCCP, Excelsior Group Acquire Metro Minneapolis Community
Each of the 66 apartments at Mills Creek in Maple Grove, Minn., is a stand-alone unit.
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Aeon Lands $54M Loan for Affordable Minneapolis Project
A mix of public and private lenders provided funding for the 172-unit development.
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Minneapolis Community Receives $28M Refi
JLL provided a 10-year, fixed-rate Fannie Mae loan for the 456-unit The Cliffs at Minnetonka.
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Suburban Minneapolis Apartments Get $21M HUD Refi
Part of the financing will cover capital improvements to Oak Park Village’s 100 fully affordable units.
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JLL Arranges Development Financing for Minneapolis-Area Community
The 202,122-square-foot NOVO will feature 192 units in Richfield, Minn.
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Top 5 Midwestern Markets for Multifamily Transactions
Yardi Matrix data shows that more than two thirds of the $1.5 billion closed in the first quarter involved assets in only five of the region’s metros.
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Top 5 Transactions in the Twin Cities
The biggest deals completed in the Minneapolis-St. Paul metro in the first quarter of 2020, based on Yardi Matrix data.
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Aeon Expands Minnesota Footprint
The nonprofit purchased the second-largest affordable housing community in the state, preserving 834 low-income units.
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BlackRock Sells Minneapolis Luxury Community
JLL represented the seller in its disposition of Eitel Apartments, the redevelopment of a historic building part of the old Eitel Hospital.
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Dougherty Mortgage Closes $54M Construction Loan
The financing will be used for the development of Sundance at Settler’s Ridge, a project in Woodbury, Minn.
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Minneapolis-Area Community Secures $18M Refi
Working on behalf of TE Miller Development, NorthMarq arranged the Freddie Mac loan for a 114-unit property in Edina, Minn.
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Trio of Midwest Communities Commands $100M
With this acquisition, The Habitat Co. enters the Minnesota market while expanding its multifamily portfolio in Michigan to more than 2,500 units.