Dakota REIT announces the acquisition of Blackstone Corner, a mixed-use property consisting of fully stabilized multifamily and street level retail in Omaha Nebraska. The property is a 112unit building with 12,000 SF of commercial space. “The Omaha market is one of Dakota REIT’s target markets looking into 2026 and beyond, additionally this acquisition allows us to further diversify our property holdings in the Omaha market” said Dakota REIT CEO and President Matt Pedersen
“We are pleased to increase our investment in Omaha Nebraska. Dakota REIT will continue to look for future opportunities to expand this asset class within our key markets” shares Matt Pedersen, Dakota REIT CEO and President. This acquisition was a strategic target for Dakota REIT. “This is an exciting acquisition for Dakota REIT. The Blackstone District is a dynamic market within Omaha. This property is the cornerstone of this popular urban node. Dakota REIT invests for long-term growth and with the changes happening in this area, Blackstone Corner will provide long-term consistent returns to our shareholders.” said Peter Tanis, Chief Investment Officer of Dakota REIT.
Dakota REIT has continued a 28-year track record of consistent distribution yields 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 at www.dakotareit.com or by calling Investor Relations at 701-239-6879.
Peter Tanis
Chief Investment Officer
Phone: 701-239-6879 Ext. 107
