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Weidner Apartment Homes Acquires 354-Unit LPM Apartments In Minneapolis For $74M

Property Image
SOLD
$74,000,000

Minnesota

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MultiFamily
Sold 06/23/2023
the dealdetailscomps
Property Image
SOLD

Weidner Apartment Homes Acquires 354-Unit LPM Apartments In Minneapolis For $74M

1368 La Salle Ave Minneapolis, MN 55403, USA

See Similar Deals
MultiFamily
Sold 06/23/2023
the dealdetailscomps

Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale

Weidner Apartment Homes' affiliate has purchased the 354-unit LPM Apartments in Minneapolis for $74 million. The property, located at 1368 LaSalle Avenue, was built in 2014 and offers a variety of units and amenities, including a swimming pool, fitness center, and outdoor lounge areas. The transaction took place on June 23, 2023. The seller in this deal was National Real Estate Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $74,000,000
  • Units: 354
  • Price Per Unit (PPU): $209,040

Weidner Apartment Homes, represented by Jack O'Connor of the Weidner Apartment Homes agency, acted as the buyer in this transaction. National Real Estate Advisors served as the seller. The deal highlights the growing demand for multifamily properties in the Minneapolis market and showcases the features and amenities offered by the LPM Apartments.

Players

Weidner Apartment Homes
Weidner Apartment Homes
BUYER
NA
National Real Estate Advisors
SELLER

Details

SOLD
IMAGE: Jack O'Connor DATE: 06/23/2023 ADDRESS: 1368 LaSalle Avenue MARKET: Minneapolis ASSET TYPE: Multifamily BUYER: Weidner Apartment Homes (@WeidnerApartmentHomes)- Jack O'Connor SELLER: National Real Estate Advisors (@NATAdvisors) SALE PRICE: $74,000,000 UNITS: 354 ~ PPU: $209,040 NOTE: Weidner Apartment Homes' affiliate has purchased the 354-unit LPM Apartments in Minneapolis for $74 million. The property, built in 2014, features a variety of units and amenities such as a swimming pool, fitness center, and outdoor lounge areas.

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