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Apartment Operator Follows Record-Breaking Sale With Big Buy in Maple Grove

Minneapolis Company Paid Almost $300,000 Per Unit for Newly-Built Complex
Rush Creek Apartments, which opened in October 2021, was about 24% vacant at the time of its recent sale ion mid-July. (CoStar)
Rush Creek Apartments, which opened in October 2021, was about 24% vacant at the time of its recent sale ion mid-July. (CoStar)
By Taylor Huey
CoStar Research
24 August 2022 | 19:36

Belgarde Enterprises, the seller behind a recent deal that was one of Minneapolis-St. Paul's largest multifamily sales ever, has completed another major transaction, this time as the buyer.

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News | Apartment Operator Follows Record-Breaking Sale With Big Buy in Maple Grove