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Jones Lang LaSalle Incorporated : New multi-housing community near Minneapolis sells for $59M

Message : Required fields MINNEAPOLIS, July 22, 2021 -JLL Capital Markets announced today that it has closed the $59 million sale of and arranged $44.25 million in acquisition financing for The Cielo Apartments, a 269-unit, multi-housing community in the Minneapolis suburb of Fridley, Minnesota. JLL marketed the property on behalf of the seller, Trident Development. Peak Capital Partners acquired the property. Additionally, JLL worked on behalf of the new owner to secure the seven-year lo...
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JLL Capital Markets Announces $30 Million Sale of 117-Unit Lake Jonathan Flats Luxury Apartments in Minneapolis Submarket

MINNEAPOLIS, MN - JLL Capital Markets announced today it has closed the $30 million sale for Lake Jonathan Flats, a multi-housing property totaling 117 units and located in Chaska, Minnesota, about 25 minutes southwest of Minneapolis. JLL worked on behalf of the seller, Trident Development, to complete the sale to Ridgebrook Investments. JLL also worked on behalf of Ridgebrook Investments to secure a fixed rate loan through Bridgewater Bank.  The newly-constructed Lake Jonathan Flats feature s...
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Twin Cities Senior Community Trades in $19M Deal

Twin Cities Senior Community Trades in $19M Deal The newly constructed 66-unit property north of downtown Minneapolis caters to residents 55 and over. Jan292021 Image courtesy of JLL The Estates at Arbor Oaks, a 66-unit suburban Minneapolis senior property, has changed hands for $18.8 million. JLL Capital Markets facilitated the disposition of the community designated for residents 55 and over. According to public records, an entity affiliated with Peak Capital Partners picked u...
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