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Greystar Breaks Just About Even on Minneapolis Apartment Sale

TIAA Unit Picked Up Apartment Building After Two Months on Market
Greystar bought Junction Flats in late 2014, only a few months after the first residents started moving in. (CoStar)
Greystar bought Junction Flats in late 2014, only a few months after the first residents started moving in. (CoStar)
By Clare Kennedy
CoStar News
October 17, 2019 | 1:31 P.M.

A frequent buyer of Minneapolis' multifamily real estate has picked up one of the larger apartment buildings in the city's North Loop, which is thought to be one of the area's most desirable rental markets, but paid only about $1.2 million more than the seller did when it acquired the property in one of the neighborhood's most expensive sales five years ago.

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