Minneapolis, MN
CBRE Arranges Sale of 375-Unit ReNew Eden Prairie Apartments
April 1, 2022
Media Contact
Corporate Communications, Midwest
CBRE has arranged the sale of ReNew Eden Prairie, a 375-unit multifamily property located at 13905 Chestnut Dive in Eden Prairie, Minnesota. FPA Multifamily sold the property to Redwood Capital Group in a transaction that closed March 25th, 2022. A sale price was not disclosed.
Keith Collins, Abe Appert, and Ted Abramson from CBRE Minneapolis Multifamily represented the seller, FPA Multifamily, in the transaction.
ReNew Eden Prairie is located just south of highway 212 & I-494 with access to retail, recreation, and a high concentration of jobs. Ownership completed a portion of unit upgrades as well as adding and enhancing amenities. A sample of features on the property include 3 pools (1 indoor, 2 outdoor), clubhouse, spa/sauna, fitness center (with CrossFit) and group fitness classes, playground, and basketball courts.
“ReNew Eden Prairie was attractive to many investors given its top suburban location, strong leasing trendline, and value-add upside,” said Collins.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.