Roers Companies’ sale of Mezzo Apartments in Northeast Minneapolis was recently featured in Finance & Commerce:
“The 110-unit, market-rate building opened [five] months ago and was 95% occupied at the time of the sale, said Brian Roers, one of Roers Cos.’ owners. (…) Roers Cos. is typically a long-term owner of the apartments it develops, Roers Cos. said in a Monday interview. When buyers approached Roers Cos. to make an offer on the property, Roers Cos. and project development partners Reuter Walton and North Bay Cos. chose to accept on behalf of 45 investors who put their money into the $20 million project.
‘It was just the right opportunity,’ Roers Cos. said. ‘This is a return that rivals the stock market.'”