ROBBINSDALE, MN—NAI Legacy of Minneapolis reports it has closedon the acquisition of the recently completed Birdtown Flats luxurymultifamily property here as part of its Opportunity Zoneinvestment strategy.
The 152-unit Birdtown Flats apartment project opened in February2020 and is located in a Minneapolis Opportunity Zone. Althoughspecific financial details of the transaction were not disclosed,NAI Legacy states that it has now completed four Opportunity Zoneinvestments totaling approximately $50 million since launching itsOZ program.
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