CBRE helps sell 282-unit apartment complex in Minnesota

January 17, 2013  |  Staff Writer  |  Print Article  |  Email this Article

With the help of CBRE‘s Minneapolis office, an affiliate of national investor CAPREIT recently purchased its fourth multi-family property in the Minneapolis/St. Paul area. The company purchased the Classic at the Preserve in Woodbury, Minn.

The property contains 282 apartments, a clubhouse and two swimming pools. The sales price of the property was higher than $35 million.

Keith Collins, Abe Appert and Laura Hanneman of CBRE’s Minneapolis office represented the seller, an entity owned by Steve Liefschultz.

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