Buyers today are looking for assets in A locations with a story, and if possible, upside potential. Helping sellers identify upside opportunities even in Class A assets can provide buyers with the impetus to take the second look necessary to developing interest pursuing an asset.

Closed: September 2008
Seller: Cornerstone Real Estate Advisers and Village Green Companies 
Buyer: Invesco Real Estate

The team of Gina Dingman, CCIM, James McCaffrey, CCIM, SIOR, and Julie Lux, CCIM represented the sellers in the disposition of this mixed-use complex that included 163 apartment units and 4,000 sf of retail located in Minneapolis, MN.

Uptown City Apartments was the first true Class A multifamily property to come to market in Minneapolis in more than ten years. It offered a rare combination of highly stylized architecture and design sophistication within minutes of the Minneapolis Central Business District.

• A premier property in one of Minneapolis’ hottest neighborhoods.
• Cutting edge architecture, condo-quality custom finishes with an emphasis on style, design and sophistication.

Click here to view original Colliers Multi-Family Advisory Group case study.

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