The property involved in this transaction is a 78-unit multifamily apartment building located at 325 Cedar Street in Saint Paul, MN. The building was sold for $11,100,000, equating to a price per unit of $142,308. This asset was previously owned by Madison Equities before being taken back by Minnwest Bank through a deed-in-lieu of foreclosure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,100,000
• Units: 78
• Price Per Unit: $142,308
• Buyer: Altitude Capital Partners
• Seller: Minnwest Bank
• Market: Saint Paul, MN
• Date of Sale: 07/09/2025

Altitude Capital Partners has made a strategic acquisition with this purchase, marking their third recent acquisition in downtown St. Paul. This deal reflects an increasing interest among investors in distressed properties that present opportunities for value addition.