SOLD
FPA Multifamily Acquires Arrive Minnetonka Multifamily In $89M Deal
300 Carlson Parkway
MultiFamily
Sold 194 days ago
Summary
Sale
MINNESOTA
MultiFamily
Arrive Minnetonka, a 435-unit apartment community located at 300 Carlson Parkway in Minnetonka, Minnesota, has been sold for $89 million. The transaction took place on October 31. The buyer, FPA Multifamily, which is linked to San Francisco-based FPA Multifamily, acquired the property from the seller, DWS Group, through an entity affiliated with Rreef.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $89,000,000
- Units: 435
- Price Per Unit (PPU): $204,598
- Address: 300 Carlson Parkway, Minnetonka, MN
- Market: Minnetonka, MN
The buyer's representative in this deal was Sayer Sweeney from FPA Multifamily, while the seller was represented by Dr Stefan Hoops from the DWS Group. The transaction was facilitated by brokers Abe Appert, Keith Collins, and Ted Abramson from CBRE.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Sayer Sweeney, Dr Stefan Hoops, Abe Appert, Keith Collins & Ted Abramson
DATE: 10/31/2023
ADDRESS: 300 Carlson Parkway
MARKET: Minnetonka, MN
ASSET TYPE: Multifamily
BUYER: Sayer Sweeney - FPA Multifamily
SELLER: Dr Stefan Hoops - DWS Group
BROKERS: Abe Appert, Keith Collins & Ted Abramson - CBRE
SALE PRICE: $89,000,000
UNITS: 435 ~ PPU: $204,598
NOTE: Arrive Minnetonka, a 435-unit apartment community in Minnetonka, Minnesota, has been sold for $89 million to an entity linked to San Francisco-based FPA Multifamily. The transaction closed on October 31, and the seller was an entity affiliated with Rreef, part of the DWS Group.View on map
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Address300 Carlson Parkway
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