Press

via Des Moines Register “Minnesota brothers Kent and Brian Roers stormed onto the Des Moines apartment scene two years ago. Since then, Roers Cos. has invested more than $120 million in five Des Moines properties and another $26 million in an Ames apartment building. Their first Des Moines project, Confluence on 3rd at 103 SW Third St., features 211…

via Minneapolis/ St. Paul Business Journal “A fresh proposal for a North Loop apartment building might be most notable for what isn’t being developed: more than a half-acre of land in the middle of a bustling neighborhood where space is at a prime. Schafer Richardson is planning a six-story building with 145 apartments at 747 North Third St.…

via KSTP ” Minneapolis city officials celebrated the grand opening of the EcoVillage affordable housing development in North Minneapolis Wednesday afternoon.” Read More.

via Star Tribune “An affordable housing developer’s proposal to rezone the Bunge grain elevator into apartments was approved Thursday by the Minneapolis Heritage Preservation Commission. The plan by Project for Pride in Living and Riverton Community Housing requires cutting the 115-foot elevators down to 25 feet, allowing for the construction of two different complexes, Maya…

via Multi-Housing News “The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018. Located on the block bordered by Center Street, 146th Avenue, Traprock Street and Ramsey Parkway, the three-story community will be two blocks from the Ramsey station of the Northstar commuter…

via Edina Magazine “Beacon is a collaborative organization of Twin Cities congregations working together on issues of housing, shelter and advocacy. Founded in 1999, Beacon has been actively building or preserving affordable housing for homeless families, youth and adults. Beacon has created almost 500 homes for about 800 people across the metro area. Its most…

via Minneapolis/St. Paul Business Journal “Schafer Richardson Inc. will begin construction in the next couple weeks on a six-story apartment building that will have a rooftop deck looking out toward the Mississippi River near downtown St. Paul. The Minneapolis developer and its financial partner, Switzerland-based UBS, have acquired a 1.3-acre parking lot at 200 Exchange…

via Finance & Commerce “The $37 million East Town Apartments project planned in downtown Minneapolis appears to be back on track. The Hennepin County Board on Tuesday addressed a financing glitch by approving a one-year extension of loan documents tied to the issuance of up to $20 million in tax-exempt multifamily housing revenue bonds for…