Red Tail Acquisitions Purchases 122-Unit Multifamily Property From Reuter Walton For $23.75M

The property asset involved in the transaction is a multifamily complex located at 600 South 5th Street, Minneapolis, MN. The transaction was valued at $23,750,000 for the purchase of Sora, a 122-unit apartment complex built in 2020. The units range from studios to two-bedrooms, with rents starting at $1,425.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,750,000
• Buyer: Red Tail Acquisitions
• Seller: Reuter Walton
• Broker: Colliers
• Units: 122
• Price Per Unit (PPU): $194,672

The individuals and companies involved in this transaction include Red Tail Acquisitions as the buyer and Reuter Walton as the seller. Colliers acted as the broker facilitating the deal.