[New post] Peak Capital Pays $59Mln for Minneapolis-Area Apartment Property

Dan Moynihan posted: "Peak Capital Partners has paid $59 million, or $219,330/sf, for the 269-unit Cielo Apartments in Fridley, Minn. The Provo, Utah, investment firm purchased the property from Trident Development of Saint Cloud, Minn., which was represented in the deal by" New post on Commercial Real Estate Direct Peak Capital Pays $59Mln for Minneapolis-Area Apartment Property by Dan Moynihan Peak Capital Partners has paid $59 million, or $219,330/sf, for the 269-unit Cielo Apartments in Fridley, Minn. The Provo, Utah, investment firm purchased the property from Trident Development of Saint Cloud, Minn., which was represented in the deal by JLL Capital Markets. JLL arranged $44.25 million of Freddie Mac financing, with a seven-year term, for […] Read more of this post Dan Moynihan | July 23, 2021 at 12:30 pm | Categories: General News | URL: https://wp.me/pcdE10-2i65 Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/07/23/peak-capital-pays-59mln-for-minneapolis-area-apartment-property/