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Minnesota multi-housing community sells for $73.75m
Transactions - JULY 26, 2022

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Minnesota multi-housing community sells for $73.75m

by Released

A partnership between Trident Development and North American Development Group has sold Rush Creek Apartments, a newly built 246-unit multi-housing community in the Twin Cities suburb of Maple Grove, Minn.

JLL Capital Markets represented the new owner, which was not disclosed. The sales price was $73.75 million.

Built in 2021, Rush Creek offers studio and one-, two- and three-bedroom units with granite counters, stainless steel appliances, energy-efficient appliances, in-unit washers and dryers, a private patio or balcony, walk-in closets and an average size of 988 square feet. Community amenities include a 24-hour fitness center, a business center, a swimming pool with a sundeck, a community clubhouse, heated underground parking and an oversized outdoor patio.

Located at 7148 Brockton Lane N., the property provides residents a 40-minute drive to all

major Twin Cities employers via Interstates 94 and 494. The community is located within Medical Alley, wh

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