Farris Gosea Holdings Acquires Two Brooklyn Park Multifamily Complexes From Bader Development For $41M

The transaction involved two multifamily apartment complexes located at 5513 Brookdale Drive North and 7870 Zane Avenue North in Brooklyn Park, MN. Farris Gosea Holdings acquired the properties for a combined amount of $41 million. The units total 475, with the Moonraker complex sold for $19.65 million and the Point of America complex sold for $21.35 million, resulting in a price per unit of $86,316.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Buyer: Farris Gosea Holdings
• Seller: Bader Development
• Broker: Dylan Steman - NorthMarq
• Units: 475
• Moonraker Sale Price: $19,650,000
• Point of America Sale Price: $21,350,000
• Price Per Unit: $86,316

This transaction highlights the continued expansion of Farris Gosea Holdings' multifamily portfolio in the Twin Cities area, as the company strategically acquires significant residential properties to enhance its real estate investments.