Multifamily W Minnesota

CBRE sells pair of apartment buildings in Minnesota

CBRE sells pair of apartment buildings in Minnesota,ph01

CBRE recently represented Timberland Partners in the sale of two multifamily properties, Timberland Point and Timberland Crossing, to Monarch Investment and Management Group, totaling 318-units and 247,305-square-feet, in St. Cloud, Minnesota.

Keith Collins, Ted Abramson and Abe Appert of CBRE Minneapolis represented Timberland Partners in the sale.

Timberland Point is a 168-unit, 130,520-square-foot apartment complex that features a gated pet park, grilling and picnic areas, a community garden and new plank flooring and carpeting in select units.

Timberland Crossing is a 150-unit, 116,785-square-foot apartment complex on a large, low-density site providing ample opportunity for resident enjoyment enhancements.