Sterling Multifamily Trust purchased Falcon Apartments, a 144-unit multifamily property in North Branch, Minnesota, from Kuepers for $24.5 million, representing about $170,139 per unit.
Twin Cities-area apartment complex sells in 1031 exchange
Sterling Multifamily Trust acquires four-building property in North Branch, Minnesota
By Emily Maltby with
February 2, 2026 | 5:44 P.M.
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IN THIS ARTICLE
- Properties
- Falcon Apartments
5385 385th St, North Branch, MN
- Companies
- Sterling Multifamily Trust
Real Estate
- Kuepers Inc
Construction
- Contacts
- Heidi Addo
Vice President, Michel Commercial Real Estate
- Peter Michel
Vice President, Michel Commercial Real Estate
- Phil Reesnes
Vice President, Michel Commercial Real Estate
- Jesse Thurston
Senior Associate, Michel Commercial Real Estate
- Ukee Dozier
Michel Commercial Real Estate