Gindi Equities announced the acquisition of the Osgood Townsite Apartments, a multifamily community in Fargo, N.D., from Property Resources Group.
Gindi plans to invest in a renovation program to modernize and enhance the class-B property. Planned improvements include redesigned kitchens and bathrooms, and upgraded building exteriors and grounds. Gindi also will implement sustainable elements and energy-saving fixtures to increase efficiency and reduce utility costs. Property Resources Group will continue to manage and service the asset.
“Our strategic renovations will drive value and make Osgood one of the most sought-after housing options in the Fargo metro area,” said Al Gindi, president and co-founder at Gindi Equities. “Governor Burgum’s policies have made North Dakota a very attractive market to invest in. While this is our first acquisition in Fargo, we plan to continue to expand our holdings in this thriving market as we build a diversified portfolio ac
