Press Releases
Marcus & Millichap Arranges the Sale of a 100-Unit Apartment Building in Minnesota
March 05, 2024
ST. CLOUD, MN, March 5, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of The Highlands, a 100-unit apartment property located in St. Cloud, Minnesota, according to Todd E. Lindblom, regional manager of the firm’s Minneapolis office.
Chris Collins, and Evan Miller, First Vice Presidents in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured by Chris Collins and Evan Miller as well.
The Highlands is located at 2015 27th St SE in St. Cloud, MN. The property was constructed in 2003 and is a part of the LIHTC Section 42 program. The property features an outdoor pool, underground parking, a playground, and a community room for tenants. The property garnished multiple offers during the bidding process.
Chris Collins, and Evan Miller, First Vice Presidents in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured by Chris Collins and Evan Miller as well.
The Highlands is located at 2015 27th St SE in St. Cloud, MN. The property was constructed in 2003 and is a part of the LIHTC Section 42 program. The property features an outdoor pool, underground parking, a playground, and a community room for tenants. The property garnished multiple offers during the bidding process.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
