Headline: Dakota REIT acquires 304 units in Northwest Minneapolis Metro
Date: 8/27/2025
Dakota REIT has entered the Twin Cities multifamily market in a big way with the acquisition of three properties in the Northwest Metro. Park View East Apartments and Sapphire Apartments located in Ramsey, MN and Depot on Main Apartments located in Zimmerman. The portfolio contains 304 units across its 3properties built between 2017 and 2020. These properties consisting of one, two and three bedroom apartments offer a wide range of tenant amenities including granite countertops, stainless steel appliances, pools, pet features and fitness. “We are excited to acquire these properties while continuing to expand our diversified $1B+ real estate portfolio throughout the Midwest” said CEO Matt Pedersen. “Dakota REIT has continued to focus on the Twin Cities as a growth market” added Peter Tanis, CIO of Dakota REIT. “We are finding opportunities in this market as a long term holder of quality real estate” added Tanis, “The Twin Cities continues to be a strong performer in multifamily and the data is showing supply constraint, reduced new construction starts and the demand for additional housing.” shared Tanis.
About Dakota REIT
Dakota REIT has continued a 27-year track record of consistent distribution yield and share value appreciation. Dakota REIT’s investment objective is to generate attractive current income and equity growth by investing in diversified real estate assets in the growth markets of the Midwest. Our targeted asset classes include multifamily, industrial/flex, and strategic exposure to grocery-anchored and necessity-based neighborhood shopping centers. Dakota REIT’s press release and additional information are available on its website atwww.dakotareit.com or by calling Investor Relations at 701-239-6879.
Contact Information
Peter Tanis
Chief Investment Officer
Phone: 701-239-6879 Ext. 107
