JLL Arranges the Sale of Twelve 501 Apartments in South Central Twin Cities Suburb

JLL Capital Markets brokers sale of 336-unit apartment community in Burnsville

JLL Capital Markets closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota. JLL represented the seller, FPA Multifamily and secured the buyer, Osso Capital, marking their first ever investment in Minnesota. Twelve 501 Apartments is located in Burnsville’s Heart of the City district, the city’s vibrant downtown corridor featuring urban-style amenities and retail. With adjacent access to I-35W and I-35E, the property provides seamless connectivity throughout the Twin Cities placing residents within just minutes of M Health Fairview Ridges hospital, Park Nicollet Clinic Burnsville and many other major employers. Built in 1986 and extensively renovated beginning in 2017, the asset boasts comfortably outfitted homes with large and spacious layouts, plus a wide variety of community amenities, garnering durable renter demand. The four-story property is nestled on a sprawling 14.62-acre site overlooking Birnamwood Golf Course and the beautiful overlay of the Minnesota River valley. The JLL Capital Markets team was led by Managing Director Josh Talberg, Director Joseph Peris and Associate Eli Smith.

Twin Cities Apartments Sell in Deal Brokered by JLL

JLL has closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota. JLL represented the seller, FPA Multifamily and secured the buyer, Osso Capital, marking their first-ever investment in Minnesota. The JLL Capital Markets team was led by Managing Director Josh Talberg, Director Joseph Peris and Associate Eli Smith. “The asset’s quality, coupled with strong location fundamentals, makes this a standout inv…

JLL Arranges the Sale of Twelve 501 Apartments in South Central Twin Cities Suburb

JLL Capital Markets announced it has closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota. JLL represented the seller, FPA Multifamily and secured the buyer, Osso Capital, marking their first ever investment in Minnesota. Twelve 501 Apartments is located in Burnsville’s Heart of the City district, the city’s vibrant downtown […] The post JLL Arranges the Sale of Twelve 501 Apartments in South Centra…