Minneapolis-based Centra Capital Partners recently announed its inaugural project, The Meadows at Hugo, is now open to the first wave of fundraising.
Centra Capital Partners is designed to provide investors unique opportunities to invest in individual real estate projects with an initial focus on residential housing in the Minneapolis area.
The Meadows at Hugo is in a growing community just outside the Minneapolis-St. Paul metro in Hugo, Minnesota. It includes an 87-lot single-family home ground-up development offering quality schools, abundant open spaces, paved trails and numerous lakes. With a projected IRR exceeding 17% and an attractive 8% preferred return, this project stands out as a testament to Centra’s commitment to delivering value to investors.
Centra Capital Partners is a new branch of Centra Companies, a trusted name in the construction and real estate development industry. Centra has a proven track record of success with more than 1,500 homes built and $500MM+ in project value to date. With more than 120 years of combined real estate experience, the Centra team has learned how to improve processes, focusing on lean operation practices, to deliver superior results to its stakeholders.
The Centra Capital Partners team plans to provide up to six unique real estate investment opportunities in 2024, the second one being a new 110-unit detached townhome development in the city of Ramsey called Waterfront Village.
