Monarch Alternative Capital and Crestlight Capital Purchase Office Portfolio in Growing Minneapolis Submarket
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NEW YORK, April 5, 2021 /PRNewswire/ -- Monarch Alternative Capital LP, a leading investment firm with approximately $9 billion of assets under management, and Crestlight Capital, a Detroit-based private equity real estate investment firm, today announced the acquisition of a portfolio of three office buildings within the fast-growing North Loop submarket of Minneapolis, Minnesota. The three office buildings are located at 241 N. 5
th Avenue, 411 Washington Avenue and 500 N. 3
rd Avenue. All of the properties were developed and sold by an entity owned by Swervo Development Corporation.