FPA Multifamily Acquires 435-Unit Gates At Carlston Center In Minnetonka, MN For $89M

The Gates at Carlson Center, a 435-unit multifamily community located at 300 Carlson Parkway in Minnetonka, Minnesota, has been sold in a closed transaction. FPA Multifamily, represented by Greg Fowler, acquired the property from RREEF Property Trust, represented by Anne-Marie Vandenberg, for a total sale price of $89 million. The transaction was facilitated by CBRE brokers Abe Appert, Keith Collins, and Ted Abramson. The property is situated in the Minnetonka market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $89,000,000
• Address: 300 Carlson Parkway, Minnetonka, MN

Additionally, the buyer, FPA Multifamily, secured a $49 million Freddie Mac loan through Berkadia for the acquisition.

These are the key individuals and companies involved in the transaction:

• Buyer: Greg Fowler - FPA Multifamily
• Seller: Anne-Marie Vandenberg - RREEF Property Trust
• Brokers: Abe Appert, Keith Collins & Ted Abramson - CBRE
• Lender: Berkadia

Note: The acquisition of the Gates at Carlton Center marks an important investment for FPA Multifamily in the Minnetonka, MN market.