Trinity Property Consultants Acquires Multifamily Portfolio In Hopkins For $24.1 Million

The transaction involved the sale of two multifamily apartment properties located in Hopkins, MN. The properties were sold by Investment Property Group to Trinity Property Consultants for a total sale price of $24,100,000, consisting of 316 units across the portfolio. The assets include Knollwood Towers East at 320 Blake Road North, which was sold for $9,900,000, and Knollwood Towers West at 1010 Lake Street Northeast, which was sold for $14,200,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,100,000
• Buyer: Trinity Property Consultants
• Seller: Investment Property Group
• Units: 316
• Price Per Unit: $76,266

The deal was facilitated by Investment Property Group, which represented itself in selling the properties to Trinity Property Consultants. The transaction encompasses two distinct apartment complexes, enhancing Trinity Property Consultants' portfolio in the Hopkins market.