Kentaurus Capital Acquires Kestrel Village Apartments In Prior Lake For $6.28M From TE Miller Development

The property involved in this transaction is a multifamily asset known as Kestrel Village Apartments, located at 16650 Brunswick Avenue Southeast in Prior Lake, MN. This income-restricted property sits on approximately 3.78 acres and comprises a total of 48 units, which were sold for $6,280,000, translating to about $130,833 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,280,000
• Units: 48
• Price Per Unit: $130,833
• Buyer: Kentaurus Capital
• Seller: TE Miller Development
• Brokers: Dan Linnell, Mox Gunderson, Adam Haydon, Devon Dvorak & Drew Jackson - Colliers
• Sale Date: 04/07/2026
• Market: Prior Lake, MN
• Acres: 3.78

Kentaurus Capital has successfully acquired the Kestrel Village Apartments from TE Miller Development, with Colliers representing the seller throughout this transaction. The property was originally built in 1995, and the deal was concluded on April 7, 2026.