Press Releases
Marcus & Millichap Arranges Sale of 180-Unit Multifamily Portfolio for $9.7 Million in St. Cloud, Minnesota
November 20, 2025
ST. CLOUD, Minn., Nov. 20, 2025 – 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 Brookwood Apartments and Pine Pointe, two multifamily properties totaling 180 units in St. Cloud, Minnesota. The properties sold for a collective $9.7 million.
“St. Cloud remains one of the top rental markets in greater Minnesota, with stable population growth and a strong job base that continues to attract both residents and investors," said Chris Collins, senior director investments. "These assets’ consistent performance and location in a growing regional hub made them a compelling opportunity for the buyer.”
Collins and Evan Miller, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a Minnesota LLP. Collins and Matthew Shide procured the buyer, a Minnesota LLC.
Brookwood Apartments, located at 1270 Johnson Road, was built in 1987 and includes 102 units across 89,225 rentable square feet. Pine Pointe Apartments, located at 1605 7th Street SE, was built in 1989 and comprises 78 units totaling 73,933 rentable square feet. The properties are less than a mile apart and offer a mix of studio, one-, two- and three-bedroom floor plans.
“St. Cloud remains one of the top rental markets in greater Minnesota, with stable population growth and a strong job base that continues to attract both residents and investors," said Chris Collins, senior director investments. "These assets’ consistent performance and location in a growing regional hub made them a compelling opportunity for the buyer.”
Collins and Evan Miller, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a Minnesota LLP. Collins and Matthew Shide procured the buyer, a Minnesota LLC.
Brookwood Apartments, located at 1270 Johnson Road, was built in 1987 and includes 102 units across 89,225 rentable square feet. Pine Pointe Apartments, located at 1605 7th Street SE, was built in 1989 and comprises 78 units totaling 73,933 rentable square feet. The properties are less than a mile apart and offer a mix of studio, one-, two- and three-bedroom floor plans.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
