Roundhouse Acquires 158-Unit Multifamily Asset From Solaris Group In Minneapolis For $47.4M

The multifamily asset located at 120 North 2nd Street in Minneapolis, MN has been sold for a total of $47,400,000. This property encompasses 158 units, which translates to a price per unit of $300,000. Constructed between 2019 and 2020, the apartment complex includes studio to two-bedroom units and offers amenities such as underground parking and a fitness center.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,400,000
• Units: 158
• Price Per Unit: $300,000
• Buyer: Roundhouse
• Seller: Solaris Group
• Brokers: Ted Abramson, Abe Appert & Keith Collins - CBRE

This transaction marks Roundhouse's second acquisition in Minneapolis' North Loop within the year, indicating a strategic expansion of their urban portfolio. The deal illustrates the ongoing activity and investment interest in the North Loop area.