The debt and structured finance team of CBRE Capital Markets has arranged $62.6 million in financing for the acquisition of an apartment portfolio in the Minneapolis/St. Paul area. The 1,422-unit portfolio is made up of five garden-level apartment complexes in suburbs of Minneapolis and St. Paul.
Murray Kornberg, Doug Seylar, Joel Torborg and Ben Bastian of CBRE’s Minneapolis office worked on behalf of the buyer, Sterling Georgetown, LLC.
The financing was originated through CBRE’s correspondent relationship with AEGON USA Realty Advisors, LLC.
