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Chicago & Midwest  + Midwest  + Apartments  |  January 29, 2025
Jasmine Kilman
By: Jasmine Kilman

Habitat Acquires Townhome Community in Minnesota

Chicago-based Habitat has acquired the Seasons Villas, a multifamily community with 214 townhome-style rental units at 8630 Summer Wind Alcove in Woodbury, Minnesota.

Habitat acquired Seasons Villas from Boston Capital Group; Willow Bridge Property Company previously managed the property. Habitat’s strategic acquisitions team managed the purchase process, supported by the Middle-Income Affordable Preservation (MAP) Fund, a $150 million joint venture between Enterprise Community Partners and Banc of America Community Development Company. The Minneapolis CBRE team represented the seller in the transaction.

Comprised of 47 single-story and 167 two-story units, Seasons Villas features floor plans spanning 960 to 1,160 square feet. “This acquisition represents a significant long-term investment for Habitat in the Twin Cities region, and we look forward to delivering exceptional value and service to our residents,” said Zack Zalar, vice president of investments for Habitat.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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