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JLL Capital Markets Fetches $230,000 Per Unit for Sale of 38-Unit Regency Hill Apartments in Minneapolis-Saint Paul Metropolitan Area

JLL Capital Markets Fetches $230,000 Per Unit for Sale of 38-Unit Regency Hill Apartments in Minneapolis-Saint Paul Metropolitan Area
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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 up the newly constructed property from its original developer, Arbor Oaks LLC, linked to Trident Development. JLL also assisted the buyer in obtaining acquisition financing. The seller purchased the 12.5-acre site at 1753 156th Lane NW in Andover, Minn., in 2016 for nearly $840,000, according to Anoka County records. Located roughly 22 miles north of downtown Minneapolis, the property is in proximity of Bunker Hills Regional Park.

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