[New post] Virtus Pays $93Mln for 322-Unit Apartment Property in Minnetonka, Minn.

Dan Moynihan posted: "Minneapolis/St. Paul Business Journal Virtus Real Estate Capital has paid $93 million, or about $288,819/unit, for RiZE at Opus Park, a 322-unit apartment property in Minnetonka, Minn. The Austin, Texas, investment firm purchased the complex from its " New post on Commercial Real Estate Direct Virtus Pays $93Mln for 322-Unit Apartment Property in Minnetonka, Minn. by Dan Moynihan Minneapolis/St. Paul Business Journal Virtus Real Estate Capital has paid $93 million, or about $288,819/unit, for RiZE at Opus Park, a 322-unit apartment property in Minnetonka, Minn. The Austin, Texas, investment firm purchased the complex from its developer, LeCesse Development Corp. The seven-story property, at 10101 Bren Road East, opened two years ago and has […] Read more of this post Dan Moynihan | September 23, 2021 at 10:37 am | Categories: General News, Midwest | URL: https://wp.me/pcdE10-2iNl 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/2021/09/23/virtus-pays-93mln-for-322-unit-apartment-property-in-minnetonka-minn/