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Zurich NA Pays $87M for The Vintage on Selby Apts in St. Paul

JV Sells 210 Units
October 6, 2017
Zurich North America acquired The Vintage on Selby apartments at 1555 Selby Ave. in St. Paul, MN from The Excelsior Group, Ryan Companies US and PGIM for $87 million, or about $414,000 per unit.

The Vintage on Selby was constructed at the end of 2015 and has 210 units. The property also includes a full-service Whole Foods Market on the ground level. The building complex totals 223,005 square feet and Excelsior retained third-party management rights with the new ownership group.

Abe Appert, Keith Collins, Ted Abramson and Laura Hanneman of CBRE represented the sellers. The buyer handled the sale in-house.

Please see CoStar COMPS #4013036 for more information on this transaction.
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