Minneapolis/St. Paul Business Journal Bader Development has paid $107 million, or $200,374/unit, for Hampshire Hill, a 534-unit apartment property in Bloomington, Minn., about 15 miles south Minneapolis. The St. Louis Park, Minn., developer purchased the property as part of a 1031, tax-deferred exchange from Redwood Capital Group, which was represented by CBRE. The three-story property, […]

The post Minneapolis-Area Apartment Property Fetches $107Mln appeared first on Commercial Real Estate Direct.