GL Capital Partners Acquires 198-Unit Multifamily Property In Brooklyn Park For $41.2M

The property asset involved in the transaction is a 198-unit multifamily complex located at 8617 Edinbrook Crossing in Brooklyn Park, MN. It was sold for $41,200,000, which equates to approximately $208,081 per unit. This is the first Minnesota purchase for the buyer, GL Capital Partners, which signifies an expansion into new markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,200,000
• Buyer: GL Capital Partners
• Seller: Weidner Apartment Homes
• Units: 198
• Price per Unit: $208,081
• Market: Brooklyn Park, MN
• Transaction Date: 09/24/2026

GL Capital Partners acquired the Fairway Apartments at Edinburgh, marking a significant increase of 61.6% from the previous sale by Weidner Apartment Homes for $25.5 million in 2014. This transaction highlights a strategic investment by GL Capital in the multifamily sector within Minnesota.