JLL Capital Markets closed the $17.08 million sale of an eight-property multi-housing portfolio totaling 133 homes throughout St. Paul, Minnesota.
JLL represented the seller, Skip Thaler, to complete the portfolio sale to the several buyers.
The portfolio includes the following properties: 301 Dayton, 309 Dayton, 622 Snelling, 451 Fairview, 995 Grand, 1091 Goodrich, 1168 Grand and 1756 Grand.
Originally built between 1879 and 1948, the seller was diligent about renovating most units while keeping the properties’ old-world charm and truly operated each property as if it was his home. These properties are in highly coveted neighborhoods, including Summit Hill, Cathedral Hill, Macalester-Groveland and Merriam Park allowing its new owner to achieve immediate scale in a high-barrier-to-entry location.
The JLL Capital Markets team representing the seller included Senior Directors Dan Linnell, Josh Talberg and Mox Gunderson and Director Adam Haydon. The team also brokered the seller’s entire portfolio during the last nine months, which totaled $51.86 million and consisted of 25 properties and 404 units throughout the Minneapolis and St. Paul areas.
