Turner Impact Capital Acquires 207-Unit Multifamily In Brooklyn Park For $47M

Turner Impact Capital has acquired Urbana Court, a multifamily property located at 5401 94th Avenue North in Brooklyn Park, Minnesota. The property was sold by Trident Development in a deal brokered by JLL, with Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon representing the seller.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Date: 05/02/2023
• Address: 5401 94th Avenue North, Brooklyn Park, Minnesota
• Market: Brooklyn Park, Minnesota
• Buyer: Turner Impact Capital
• Seller: Trident Development
• Brokers: Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon - JLL
• Units: 207
• Price Per Unit (PPU): $227,053

The Urbana Court apartment complex consists of 207 units, featuring studio, one-, and two-bedroom options. Built in 2021, the property offers a variety of amenities for residents, including a swimming pool, fitness center, lounge, and courtyard with grilling areas.