The asset involved in this transaction is a 72-unit multifamily property located at 2635 Kelley Parkway in Orono, MN. The sale price of the property is $18,000,000, resulting in a price per unit of approximately $250,000. The community is noted to be 92% occupied as of September.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Units: 72
• Buyer: Vincent Companies
• Market: Orono, MN

Vincent Companies has acquired the property as part of its expanding senior living portfolio, which now includes five properties acquired since January 2024. The asset will be managed by Lifespark.