Multifamily news in 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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CBRE Arranges Minneapolis Luxury Community Sale
Keith Collins, Abe Appert and Ted Abramson assisted the seller in the disposition of the 150-unit property.
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Twin Cities Multifamily Report – Summer 2020
The metro's multifamily market proved resilient in the face of the coronavirus-induced downturn.
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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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Top 5 Midwestern Markets for Multifamily Development
Construction projects in five metros account for more than 60 percent of the region’s units underway, according to Yardi Matrix data.
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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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Oppidan JV Debuts Minneapolis Senior Community
The developer broke ground on the $85 million project in 2018.
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Twin Cities Multifamily Report – Spring 2020
The Minneapolis-St. Paul rental market could weather the storm better than many coastal metros.
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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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CEDARst Acquires 2 Historic Buildings in Minneapolis
Through an adaptive reuse project, the company plans to convert the warehouses into a 345-unit community.