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MLG Capital adds suburban Minneapolis apartments to multifamily portfolio

Well‑leased 180-unit Lyra at Riverdale Station in Coon Rapids trades in investment sale
The four-story Lyra at Riverdale Station spans two buildings on 5.1 acres in Coon Rapids, Minnesota. (CoStar)
The four-story Lyra at Riverdale Station spans two buildings on 5.1 acres in Coon Rapids, Minnesota. (CoStar)
By Jack Quinn with
CoStar Research
May 1, 2026 | 10:01 P.M.

MLG Capital has expanded its multifamily footprint in suburban Minneapolis with the acquisition of a recently developed, well‑leased apartment community in Coon Rapids.

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