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Gindi Equities Acquires 252-Unit MF Property in Fargo
Gindi Equities has acquired Timber Creek Apartment Homes, a multifamily community located at 4720 Timber Parkway South in Fargo, North Dakota.
Gindi acquired Timber Creek from Property Resources Group, which will continue to manage and service the asset. The purchase marks Gindi’s second acquisition in the Fargo market as the firm continues to expand its national portfolio of premier residential assets.
“Timber Creek presents a prime opportunity to make strategic improvements that will add value and enhance the experience for all residents,” said Al Gindi, President and Co-Founder of Gindi Equities. “This acquisition marks an important step in our continued growth strategy and reflects our commitment to expanding our portfolio in the thriving Fargo market.”
The acquisition of Timber Creek follows Gindi’s purchase of the 243-unit Osgood Townsite Apartments from Property Resources Group in June. Built in 2015, Timber Creek encompasses 252 apartments ranging in size from one- to three-bedrooms.
