Osso Capital Acquires Minneapolis Multifamily Asset From FPA Multifamily For $54.5M

The property asset involved in this transaction is a multifamily asset located at 12501 Portland Avenue in Minneapolis. It features a total of 336 units and has a total square footage of 329,008. The price for this asset was $54,500,000, resulting in a price per unit of $162,202 and a price per square foot of $165.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,500,000
• Units: 336
• Square Feet: 329,008
• Price Per Unit: $162,202
• Price Per Square Foot: $165
• Buyer: Osso Capital
• Seller: FPA Multifamily
• Seller's Representatives: Josh Talberg, Joseph Peris & Elijah Smith - JLL

This transaction involved key individuals and companies including Osso Capital as the buyer and FPA Multifamily as the seller. The seller's representatives, Josh Talberg, Joseph Peris, and Elijah Smith, were instrumental in facilitating the deal through their association with JLL.