CBRE has arranged the sale of a four-property portfolio totaling 104 units in the Minneapolis area. The properties were sold by TMC Management Corp. and purchased in two separate transactions to two different buyers. Sale prices were not disclosed.
Ted Abramson and Drew Rafshol from CBRE Minneapolis Multifamily represented TMC Management Corp. in the transaction.
The four properties represent infill suburban and urban apartments ranging from 12 to 35 units. Each property has ample garages and surface parking and proximity to neighborhood amenities that are walkable for residents. Information for each property is as follows:
Bella Vista – 8100 36th Avenue N, New Hope, Minnesota
• Units: 24
• Buyer: RST Holdings, LLC
• Date closed: 10/30
Highland Gables – 6281-6289 N Louisiana Ave, Brooklyn Park, Minnesota
• Units: 35
• Buyer: RST Holdings, LLC
• Date closed: 10/30
Hanson Court – 5324-5340 Hanson Ct N, Crystal, Minnesota
• Units: 33
• Buyer: RST Holdings, LLC
• Date closed: 10/30
Cedar Lake – 224 Cedar Lake Road N, Minneapolis
• Units: 12
• Buyer: LHF Equities, LLC.
• Date closed: 06/20
