FPA Multifamily Acquires The Shale Apartments In Minneapolis From Reuter Walton For $13.65M

The Shale apartment property, located at 4757 Hiawatha Avenue in Minneapolis, MN, consists of 80 units and was constructed in 2021. It is a six-story multifamily asset that was purchased by FPA Multifamily from Reuter Walton for $13.65 million, translating to approximately $170,625 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,650,000
• Units: 80
• Price Per Unit: $170,625
• Buyer: FPA Multifamily
• Seller: Reuter Walton
• Brokers: Mox Gunderson, Dan Linnell, Adam Haydon & Devon Dvorak - Colliers

The deal was facilitated by a team from Colliers, indicating ongoing investment activity between FPA Multifamily and Reuter Walton, demonstrating their collaborative efforts in the multifamily market. The transaction occurred on April 7, 2026.