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Twin Cities Apartments Sell with Value-Add Upside
CBRE has arranged the sale of Hinton Heights, a 249-unit multifamily community located in the Twin Cities suburb of Cottage Grove, MN. Curtis Capital Group sold the property to Chicago-based Oak Residential Partners. A sale price was not disclosed.
Ted Abramson, Keith Collins, and Abe Appert from CBRE Minneapolis Multifamily represented Curtis Capital Group.
“Demand for rentals in Cottage Grove has far outpaced supply over the last several decades with little having been built,” said Abramson. “Hinton Heights was a proven value-add opportunity with a large percentage of units still having some aspect of original finishes. That additional upside and the suburban story resonated well with investors as we saw 17 initial offers on the asset.”
In addition to the extensive community amenities, Hinton Heights is surrounded with professionally landscaped grounds complete with a dog park, playground and walking and jogging trails.
- ◦Sale


