Dekel Delivers $41M for Greater Minneapolis MF

Connect Apartments is planned next month in Los Angeles. You can get more information and register to attend on this link.

Los Angeles-based Dekel Capital arranged $41 million in value added financing from Ares Real Estate Group for Central Park West, a 199-unit multifamily property in the Minneapolis submarket of St. Louis Park, MN. The financing is from debt funds managed by Ares, and will be used to retire the existing construction loan and provide for the continued lease up and stabilization of the property.

The 81% leased property features a mix of studio, one, two, and three-bedroom apartment homes. Each includes stainless steel appliances, wood flooring and in-unit washer and dryers. Property amenities include clubhouse, business center, resort-style pool with tanning ledge, fitness room and outdoor patio seating areas.

Dekel Capital’s Shlomi Ronen says, “Minneapolis continues to experience strong population and job growth, excellent demand drivers for multifamily development.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Dekel Delivers $41M for Greater Minneapolis MF

Inside The Story

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Sub Markets

National

Property Sectors

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National CRE News In Your Inbox.

Dekel Delivers $41M for Greater Minneapolis MF

Inside The Story

About Dennis Kaiser