Nuveen Acquires The Barrington Apartments In Woodbury For $48.6M

The Barrington Apartments, a 282-unit multifamily complex located at 7255 Guider Drive in Woodbury, MN, was sold for $48.6 million. The property, built in 1998, was acquired by Jose Minaya of Nuveen from Andrew Kadish of CAPREIT. The transaction was facilitated by brokers Abe Appert, Daniel Baker, Keith Collins, and Ted Abramson of CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,600,000
• Units: 282
• Price Per Unit: $172,340
• Buyer: Jose Minaya - Nuveen
• Seller: Andrew Kadish - CAPREIT
• Brokers: Abe Appert, Daniel Baker, Keith Collins & Ted Abramson - CBRE

Nuveen, a subsidiary of TIAA Financial Services, strategically expanded its portfolio in the Twin Cities with the purchase of The Barrington Apartments. The deal at 7255 Guider Drive underscores Nuveen's investment strategy, while also highlighting the expertise of the CBRE team led by Abe Appert and his colleagues.