Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Login/Register
S DakotaMultifamily

Circle Capital Partners acquires 265-unit multifamily property in Rapid City

January 19, 2021
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Circle Capital Partners, in partnership with Tzadik Management, has acquired LaCrosse Estates, a 265-unit multifamily community at 761 E. Anamosa St. in Rapid City, South Dakota, from Belgarde Property Services.

In the past 14 months, Circle Capital Partners has acquired 1,875 units valued at more than $200 million.

Circle Capital Partners will launch an institutional management program with Tzadik Management on the 1985-built community. It will do some on minor unit and community renovations at the property.

LaCrosse Estates, located on 11.57 acres, is 97 percent occupied and features 50 one-bedroom/one-bathroom units, 48 two-bedroom/one-bathroom units, 118 two-bedroom/1.5-bathroom units, one two-bedroom/two-bathroom unit and 48 three-bedroom/1.5-bathroom units with rents ranging from $684 to $949.

Each unit is complete with a microwave, ceiling fans, air conditioning, dishwasher, galley style kitchen, walk-in closet and patio/balcony. Community amenities include a clubhouse, an indoor Olympic-size pool, whirlpool, sauna and art sport court LaCrosse Estates offers comfortable living close to shopping, dining, interstate access and many other commercial services while still located in a neighborhood like setting.

Michael Haeder handled the transaction on behalf of Circle Capital Partners/Tzadik Management and the seller.

Tags
Circle Capital PartnersmultifamilyRapid CitySouth Dakota
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisHospitality

Construction on new Chicago Chinatown hotel wraps up

April 16, 2021
IllinoisMultifamily

Developer Core Spaces announces promotion, new CFO

April 16, 2021
IllinoisMultifamily

East Lakeview condo building sells, deconversion to rental underway

April 16, 2021
KentuckyRetail

NAI Isaac sells 17,000-square-foot shopping center in Lexington

April 16, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
© 2021 REjournals.com