CBRE Multifamily arranged the sale of a three-property apartment portfolio in the North Loop neighborhood of Minneapolis to an Institutional Real Estate Investment Manager.
The apartment portfolio includes three properties totaling 308 units recently constructed in the popular North Loop neighborhood: Nolo Flats, Solhavn and Soltvå
The Minneapolis-based team of Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman represented the sellers, TE Miller and Solhem Companies. The sale closed Oct. 9.
In addition to offering boutique luxury living, the apartments in the portfolio were designed to promote sustainability and energy efficiency.
Built in 2012, Soltvå offers six floors of apartments over underground parking at 701 N. Second St. The 100-unit building includes a mix of units averaging 762 square feet.
The neighboring Solhavn apartments at 815 N. Second St. were constructed in 2013. The building is comprised of 137 units with an average unit size of 773 square feet. Nolo Flats at 602 N. First St. were built in 2016. The seven-story building includes 71 apartments with an average unit size of 505 square feet.
