Oaks Properties Acquires Multifamily Asset In Edina From Lake Harriet Capital For $50.45M

Oaks Properties acquired a multifamily asset located at 4911 West 77th Street in Edina, MN. This property, known as The Eddi at Pentagon Village, comprises 202 units with a price per unit of $249,752. The total sale price was $50,450,000, making it one of the highest-priced multifamily transactions in the market in 2025.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $50,450,000
• Buyer: Oaks Properties
• Seller: Lake Harriet Capital
• Brokers: Josh Talberg & Joseph Peris - JLL
• Mortgage Brokers: Mike Padilla, Billy Langer, Lauren Bresky & Loren Heikenfeld - NorthMarq
• Units: 202
• Price Per Unit: $249,752

JLL facilitated the sale while NorthMarq managed the buyer's financing. Oaks Properties intends to rebrand the acquired property as Oaks Pentagon Village.