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Apartment Deal in Mayo Clinic's Hometown Demolishes Minnesota Sale Records

Price for Rochester Multifamily Surpasses Recent Deals for Amazon Distribution Center, Downtown Minneapolis Skyscrapers
The Berkman was built by Minneapolis developer Alatus, one of the early believers in Rochester's "Destination Medical Center" effort.  (CoStar)
The Berkman was built by Minneapolis developer Alatus, one of the early believers in Rochester's "Destination Medical Center" effort. (CoStar)
By Clare Kennedy
CoStar News
April 12, 2022 | 5:57 P.M.

A luxury apartment complex located in Rochester, Minnesota, just south of Minneapolis, has sold for $187.6 million, making it the seventh biggest single-asset real estate deal of any kind in the state's history.

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