Nuveen Real Estate Sells Multifamily Asset At 2838 Fremont Avenue South For $36.1M

The property involved in this transaction is a multifamily asset located at 2838 Fremont Avenue South in Minneapolis, MN. The property, comprised of 216 units, has a total square footage of 163,678, resulting in a price per unit of $167,129 and a price per square foot of $220. The sale price for the asset was $36,100,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,100,000
• Units: 216
• Square Footage: 163,678
• Price Per Unit: $167,129
• Price Per Square Foot: $220
• Seller: Nuveen Real Estate
• Seller's Representatives: Josh Talberg & Joseph Peris - JLL
• Date of Transaction: 09/16/2025

This deal involved key individuals from JLL, with Josh Talberg and Joseph Peris representing the seller, Nuveen Real Estate, ensuring the successful transaction of this multifamily property in the Minneapolis market.