Abe Appert News Today

The Barrington Apartments in Woodbury has sold for $48.6 million in a deal that was completed last week, according to public records.

Previously owned by an A-Rod corporation, a 168-unit housing community in Eagan was sold to an Eden Prairie real estate investment company.

The project is located in Minneapolis’ southern suburbs. Reacor has acquired Lexington Hills, a multifamily community near the Twin Cities.

FPA Multifamily has purchased Gates at Carlston Center, a 435-unit community in Minnetonka, Minn., for $89 million.

An out-of-state company on Thursday paid $70 million for the Nic on Fifth, a 253-unit luxury apartment tower in downtown Minneapolis, marking the end of a busy summer for investors on the north end of Nicollet Mall. The buyer — Kirkland, Washington-based Weidner — bought the property from Boston-based AEW Capital Management. The all-cash deal for the tower, located at 5th Street and Nicollet, ...

Minneapolis is moving ahead on a rent control policy and stakeholders on the side of developers, investors and property owners say that the policy will not serve the goals that proponents are aiming for.

CBRE’s multifamily real estate team of Keith Collins, Abe Appert and Ted Abramson have more than 70 years’ experience in the multifamily market segment. Last year was another big one for them.

Monarch Investment and Management Group bought it. That’s accurate. However, it was just the start. The state later posted online the rest of the IRET/Monarch sales, which totaled $59.4 million for six properties with 585 units. Here are the six transactions. * Heritage Manor Apartments with 182 units at 2409 North US 52 was purchased by Monarch for $14.12 million. Monarch was already managing the property for Centerspace. * Crystal Bay Townhomes with 72 units at 240 Crystal Bay Court SW w...

The final electronic certificate of real estate value related to a residential portfolio sale in Rochester was made public this week.

CBRE closes sale of 36-unit multifamily property in Twin Cities suburb May 7, 2021 CBRE has arranged the sale of Mahtomedi Flats, a 36-unit newer construction multifamily property in the Twin Cities suburb of Mahtomedi, Minnesota, at 730 Wildwood Road. Premier Mahtomedi MN, LLC sold the property to David Kroona in a transaction that closed April 30. A sales price was not disclosed. Keith Collins, Abe Appert and Ted Abramson from CBRE Minneapolis Multifamily represe...