Turner Impact Capital Acquires Multifamily Asset From Saturday Properties In Minneapolis For $20.23M

The property asset involved in this transaction is a multifamily building located at 3027 22nd Avenue South in Minneapolis, MN. The sale was finalized for a price of $20,230,650. The building contains a total of 147 units and spans a square footage of 74,814, with a price per unit of $137,623 and a price per square foot of $270.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,230,650
• Units: 147
• Square Footage: 74,814
• Price per Unit: $137,623
• Price per Square Foot: $270
• Buyer: Turner Impact Capital
• Seller: Saturday Properties
• Brokers: Josh Talberg & Scott Loving - JLL
• Date of Transaction: 09/24/2024

The key individuals involved in this transaction include Turner Impact Capital as the buyer and Saturday Properties as the seller. The brokerage team representing the transaction was comprised of Josh Talberg and Scott Loving, both affiliated with JLL. Their involvement facilitated the comprehensive management of the asset exchange process.