Reacor LTD Acquires 168-unit Lexington Hills Apartment Complex In Eagan From Monument Capital Management

A significant transaction has taken place in the real estate market as an entity affiliated with Monument Capital Management, a renowned Florida-based company co-founded by former baseball star Alex Rodriguez, has recently sold the desirable Lexington Hills apartment complex in Eagan. The buyer, Reacor LTD, a trusted real estate investment and management firm located in Eden Prairie, has successfully acquired the property, according to CBRE, the representative of the seller. Although the exact price of the sale remains undisclosed, this exciting development is undoubtedly making waves in the industry.

A Unique Abode Amidst Nature's Serenity

In a tranquil setting, north of Diffley Road and nestled between Interstate-35E and Highway 3, lies Lexington Hills - a haven of contemporary living. Originally constructed in 1988, this sprawling property at 4116 Lexington Ave. S. boasts a total of seven buildings, offering a variety of apartment options ranging from cozy studios to spacious two-bedroom units. With its expansive 16.51-acre site, Lexington Hills provides residents with a sense of peace and seclusion.

Desire convenience? Look no further. Surrounding Lexington Hills are a plethora of attractions including the vibrant Diffley Marketplace, the bustling Eagan Town Center, the elegant Eagan Promenade, Patrick Eagan Park for nature enthusiasts, and the serene Quigley Lake for tranquil retreats. Within the property, residents are treated to an extensive range of amenities to suit their every need. Whether it's a 24-hour fitness center to stay active, a clubhouse to unwind, a grilling area for outdoor gatherings, a playground for the little ones, or a refreshing swimming pool for a leisurely dip, Lexington Hills has it all.

Although a certificate of real estate value remains undisclosed, it was reported that Monument made a significant investment of $22.5 million in 2016 to lay claim to this exceptional property. But beyond the price tag, Lexington Hills stands as a testament to the harmonious fusion of nature and modern living, offering an idyllic retreat within the heart of Eagan. So why settle for ordinary when you can revel in the extraordinary at Lexington Hills?

Twin Cities Suburban Multifamily Market Sees Continued Interest with Lexington Hills Acquisition

In a recent transaction, Monument Frozen Tundra LLC sold the Lexington Hills property in Twin Cities suburban area, with CBRE's Ted Abramson, Keith Collins, and Abe Appert representing the seller. The sale of Lexington Hills reflects the sustained interest in the multifamily market in this region. Despite some challenges in specific micro locations due to supply, the sentiment post-NMHC meeting has been positive for future fundamentals in the multifamily space.

A Growing Network of Properties

Since its establishment in 1991, Reacor LTD has steadily expanded its real estate portfolio, acquiring properties in multiple locations across the United States. With holdings in Apple Valley, Burnsville, Chanhassen, Coon Rapids, Eden Prairie, Little Canada, Minneapolis, Oakdale, Oak Park Heights, Prior Lake, Rochester, St. Michael, St. Paul, and even Schofield, Wisconsin, their diverse range of properties caters to a wide range of markets and communities.

Meanwhile, Monument Capital Management has been making significant strides in the real estate industry since its inception in 2012. With an impressive track record of acquiring over $900 million worth of real estate assets, the company has successfully expanded its reach to 14 states across the nation. Led by founding principals Rodriguez and Ramon Corona, Monument Capital Management is at the forefront of intelligent and strategic property investments.