Curbline REIT Acquires The Village At Arbor Lakes In Maple Grove From The Doran Group For $28M
11700 Elm Creek Boulevard & 11740 Elm Creek Boulevard
$28,000,000
Units
128
Asset Type
Retail
Closing
Apr 8, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 11700 Elm Creek Boulevard & 11740 Elm Creek Boulevard in Maple Grove, MN. The sale price for the property was $28,000,000, which reflects a price per unit of $218,750, with a total of 128 units included in the transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $28,000,000
- Buyer: Curbline REIT
- Seller: The Doran Group
- Location: Maple Grove, MN
- Units: 128
- Price Per Unit: $218,750
The Doran Group, as the seller, sold The Village at Arbor Lakes shopping center to Curbline REIT, utilizing the proceeds to fund new active adult housing projects. This includes plans for a $40 million investment in a 128-unit 55+ community located in Hudson, Wisconsin.
On the Map
$28,000,000
Retail
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Players
Maple Grove Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93