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River Gables, located at 110 First Street East in downtown Chaska, MN, includes 104 residential units and more than 10,000 square feet of street-level retail.
"The price-per-door may seem low for multifamily properties in Ravenswood because these buildings are prime value-add opportunities with all units needing to be updated,” says Kiser Group's Danny Logarakis.
“This acquisition is in line with our strategy of identifying underutilized, high quality food processing facilities that can be retrofitted for modern users,” says Leslie Amoils, president of Infinity Asset Solutions.
FHLBank's suite of financial services includes cost loans (advances), which may be used for community development lending, asset/liability management and general funding.