CenterSquare enters Minneapolis market

CenterSquare has entered the Minneapolis market, acquiring Bentley Village, a 102-unit build-to-rent townhome community in Lake Elmo, located in the eastern suburbs of Minneapolis.

The property’s location features direct I-94 access and proximity to a robust retail hub that includes popular tenants like Whole Foods and Trader Joe’s. The property is under construction. Completed homes will be acquired in phased takedowns, mirroring development progress, with the initial 16 homes already acquired and the final deliveries expected by March 2024.

Bentley Village offers spacious three- and four-bedroom floorplans, providing nearly 1,900 square feet of living space. These designs feature two-car attached garages. Interiors showcase class A finishes, including slate appliances, quartz countertops, undermount stainless steel kitchen sinks and LVP flooring. In a region characterized by limited supply, these homes offer a distinctive and sought-after choice, addressing the s