Standard Communities Acquires 50-Unit Affordable Housing Property in MN

Standard Communities Acquires 50-Unit Affordable Housing Property in MN

Standard Communities acquired Jefferson Square, a 50-unit townhome community in Northfield, Minnesota, in an $8 million transaction. Located at 1356 Jefferson Road, Jefferson Square spans 5.2 acres and includes nine residential buildings, three parking structures, and an administrative building. Originally redeveloped in 2010, Jefferson Square offers spacious two-, three-, and four-bedroom townhomes averaging 1,130 square feet. “Jefferson Square…