The multi-family asset located at 201 El Dorado Drive in Jordan, MN was sold for $15,500,000. This property consists of 72 units and was built just two years ago, offering new housing options in the growing exurb market. The price per unit is $215,278, reflecting strong demand for market-rate rentals in the area.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $15,500,000
• Buyer: Ebert Companies
• Seller: Jordan Apartments LLC
• Brokers: Devon Dvorak, Dan Linnell, Adam Haydon & Mox Gunderson - Colliers
• Units: 72
• Price Per Unit: $215,278
• Date: 06/30/2025
• Market: Jordan, MN

Ebert Companies acquired the 72-unit luxury apartment building from Jordan Apartments LLC, with the transaction being facilitated by Devon Dvorak, Dan Linnell, Adam Haydon, and Mox Gunderson from Colliers. The transaction highlights a notable development in the local real estate market, fulfilling a need for new rental housing options.