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Prior Lake rentals fetch $36M | Finance & Commerce

Prior Lake rentals fetch $36M | Finance & Commerce
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Peak Capital Partners , Prior Lake , உச்சம் மூலதனம் கூட்டாளர்கள் , ப்ரையர் ஏரி ,

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


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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 loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.
The Cielo Apartments comprises studio, one-, two- and three-bedroom units ranging from 586 to 1,345 square feet. The apartments feature granite or quartz countertops, modern appliances, undermount sinks and kitchen islands. The community amenities include a fitness center, game room, community room and lounges, study area and media rooms, walking paths, gri ....

United States , Mercy Hospital , Freddie Mac , Brock Yaffe , Adam Haydon , Freddie Mac Optigo , Mox Gunderson , Matt Steffen , Josh Talberg , Dan Linnell , Trident Development , Real Estate Capital , University Ave , Boston Scientific , Cielo Apartments , Peak Capital Partners , Estate Capital , Twin Cities , North Star Station , Metro Transit , Markets Investment Sales Advisory , Senior Director Dan Linnell , Senior Director Mox Gunderson , Senior Director Josh Talberg , Director Adam , Markets Debt Placement ,