JLL Capital Markets secured the sale and financing for Aster Apartments, a luxury multifamily community in the Twin Cities’ desirable north suburbs of Coon Rapids, Minnesota.
JLL represented the seller and secured acquisition financing on behalf of the buyer, MLG Capital.
Aster Apartments, located at 3130 Northdale Blvd NW in Coon Rapids, offers residents a rare, walkable urban-suburban setting with immediate access to the Riverdale retail hub. The property sits within minutes of major highways including Highway 10 and Highway 169, providing convenient connectivity to downtown Minneapolis and the greater Twin Cities metro area.
Coon Rapids continues to be a thriving north metro community with strong population growth, excellent schools and proximity to major employment drivers, including the expanding Highway 610 medical technology corridor. The area boasts strong investment fundamentals due to its favorable supply and demand dynamic.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Directors Josh Talberg and Joseph Peris. JLL Capital Market’s Debt Advisory team was spearheaded by Senior Managing Director Matthew Schoenfeldt, Senior Director Patricia Heminger, Vice President Rebecca Mitchell and Analyst Ryan Planek.
