Sean Fogarty Of Artisan Capital Group Acquires Shoreview Hills Apartment Complex For $25.35M

The multifamily asset located at 4130 Lexington Avenue North in Shoreview, Minnesota, consists of 240 units. The property was sold for $25,350,000, resulting in a price per unit of $105,625. Artisan Capital Group acquired the Shoreview Hills apartment complex with plans for renovations and enhancements, including the addition of amenities such as a fitness center.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,350,000
• Units: 240
• Price Per Unit: $105,625
• Buyer: Sean Fogarty - Artisan Capital Group
• Seller: SVH Limited Partnership

Sean Fogarty represented Artisan Capital Group in the acquisition of the property, which is linked to Carew Properties through the seller, SVH Limited Partnership. The management post-acquisition will be handled by Artisan Management Group.