News

Business Journal Names Roers Cos. to Top Developers List

The Minneapolis/St. Paul Business journal relased their list of the 2022 Top Developers in the  metro area  today. For the third year in a row, Roers Cos. landed in the top five, coming in at number four with more than 3.6 million sq. ft. of local development since 2019. We extend our congratulations and our thanks to all of our...

Duluth News Station Covers Phase 2 of Cove Apartments

Nestled near the shores of Lake Superior in the heart of Duluth, Phase 2 of Cove Apartments is looking to open this Fall.  Phase 1 of Cove Apartments saw almost all of its 48 units filled before doors even opened back in late 2020. “The goal with these historic rehabs is to try to be able to deliver a product...

Shane LaFave Honored as a 2021 POWER 30 Developer

Finance & Commerce announced their POWER 30 Developers, a list of "leaders and movers and shakers who are key players in Minnesota's development community." The list was built by interviewing respected members of the community and consulting the archives of Finance & Commerce to find people whose achievements and influence are significant in Minnesota’s real estate development field. Roers Companies celebrates our...

Affordable Housing Expansion in Texas

Roers Companies is expanding into the Lone Star State with a 300-unit affordable housing complex in Hutto — with more projects potentially on the way for Central and North Texas. The three-story complex, tentatively named The Narrows Apartments, will be federally subsidized as Section 42 housing. The program allows developers to sell tax credits in return for keeping rents restricted...

Active 55+ Concept Expands

Roers Companies continue to break into the active 55+ market with Risor properties now in development in Apple Valley, Bloomington, Maple Grove, and St. Louis Park. "The Risor brand aims to fill the so-called “missing middle” of senior housing, appealing to active older tenants who aren’t quite ready for true senior housing but are eager to downsize," said Andy Bollig,...

Roers Cos. Eyes Salt Lake City Expansion

Roers Cos. plans to add 397 housing units in three, six-story apartment buildings in Salt Lake City’s North Temple transit corridor. The unnamed apartment project would provide a mix of one-, two- and three-bedroom homes and continue filling a queue of ongoing and upcoming projects of all sizes along the transit corridor on the capital’s west side. Read the full...

First Residents Move in to Roers Cos. Largest Project Yet

Beyond Apartments in Woodbury is Roers Cos.’ largest project to-date with 255 apartments, and the first phase of the building opened to residents on September 18. The second phase will open later this fall. This two-building (four- and five-story) project is within Woodbury’s City Place district, which is a mixed-use, pedestrian-friendly village with shops, grocery, stores, and entertainment. There is...

Red44 Sold for Record Price in Rochester

Red44, a 159-unit apartment complex in Rochester, has sold to Regency for $34 million. JLL marketed the property on behalf of Roers Cos. Investments, LLC & Reuter Walton Development. Built in 2017, Red44 was developed using a private-funding model whereby high-net-worth individuals from the region invested in the project, so proceeds from the sale will remain in the area. Red44...

Wisconsin’s Largest Privately Owned Affordable Housing Breaks Ground

Roers Cos. and our project partners broke ground on Community Within the Corridor (CWC). Scott Crawford, Inc. and Roers Cos. are developing this $66 million project on 32nd and Center. The CWC team consists of Lead Developers Que El-Amin and Roers Cos., Program Manager Mikal Wesley, Construction Manager Tia Cannon and Governmental Relations Rayhino Boynes with design by Continuum Architects...

Sixth Senior Living Community Opens in Maple Grove

Havenwood of Maple Grove, a new senior living community located at the intersection of Bass Lake Road and County Road 101, opened its doors to the first residents today. The $33 million, 200,000 sq. ft. community is the sixth in the portfolio developed and owned by Minnetonka-based Roers Cos. This is the second Havenwood Senior Living location to open since...

Roers Companies to Break Ground on First Active 55+ Development

Roers Companies will break ground this week on the first property in a new collection of age-restricted apartments and townhomes for the active 55+ market, called Risor. The $44 million, 277,000 sq. ft. community will welcome its first residents in the fall of 2022. The company closed on the 4.8-acre property purchase last week. Concurrently, additional active 55+ communities within...

Havenwood of Minnetonka Ranks Among Top 15% of Senior Living Communities

Havenwood of Minnetonka, one of Roers Cos.' six Havenwood Senior Living locations, was recently recognized in nine award categories from Pinnacle Quality Insight, a customer satisfaction measurement firm. Pinnacle surveyed residents, patients, and families over the past 12 months to identify Havenwood of Minnetonka as a best-in-class service provider for seniors. Earning the 2021 Customer Experience Awards from Pinnacle means...

Venue Apartments Named to 2020 Elite 1% ORA Power Ranking List

Congratulations to our staff at Venue Apartments in Chanhassen, Minn. for earning a place on the Elite 1% ORA Power Ranking for 2020! To compile this annual list, J Turner Research investigates the online reputations of more than 122,000 multi-family properties and identifies the top 1%. We're incredibly proud of our elite team at Venue for reaching position No. 381. Learn...

Roers Cos. Ranks No. 3 Among Top Developers in Twin Cities

Roers Companies climbed from No. 5 to No. 3 on the Minneapolis/St. Paul Business Journal's annual list of the most active commercial real estate developers in the Twin Cities. The publication ranked firms by square feet developed in the metro area between 2018–20. Since 2018, Roers Cos. has opened four Havenwood Senior Living communities, Venue Apartments and the adjoining ALDI...

Star Tribune: As 2020 Winds Down, Roers Cos. is Ramping Up

Roers Cos. Sees Opportunities in Changing Rental Housing Market The following excerpt appeared in a 12/18/2020 article by Jim Buchta in the Minneapolis Star Tribune As 2020 winds down, Roers Cos. is ramping up. The Twin Cities-based apartment developer is responding to changing market conditions with a national expansion that has nearly tripled a development staff that will be tasked...

Roers Triples Down on Real Estate Development

Media Release Roers Companies Triples Down on Real Estate Development MINNETONKA, MINN. — November 30, 2020 — Roers Cos. is declaring its clear intent to thwart the economic chaos of 2020 and seize new opportunities that invest in long-term growth for the firm. The multi-family real estate developer, already ranked as a top-five Twin Cities developer, typically kicks off six...

Burnsville’s Maven Apartments Sells for $29 Million

Roers Companies closed on their $29 million sale of Maven Apartments today. The 137-unit community was the first new apartment development in Burnsville in 14 years, and its novelty proved successful in attracting renters. Its lease-up timeline was just four months. The community achieved stable occupancy with 95% of the units rented 11 months ahead of the firm’s schedule. When...

Northlake Lofts Breaks Ground in Lakeville

Below is an excerpt from an article, "Roers building Lakeville apartments," that appeared in Finance & Commerce on Monday, October 12, 2020. Minnetonka-based Roers Cos. has broken ground on a $41.5 million apartment building in Lakeville, the development company’s first project in the south metro suburb. The Northlake Lofts project, scheduled for completion in spring 2022, will bring 208 market-rate apartments to...

Roers Companies and Partners Sell Spectrum Apartments & Townhomes

Roers Companies and Reuter Walton Development closed yesterday on their $26 million off-market sale of 118-unit Spectrum Apartments & Townhomes to a private investor. The resort-style community located near the University of Minnesota welcomed its first residents in August of 2017. At the time, was the only student apartment community with an outdoor pool when it opened. PROPERTY HIGHLIGHTS In...

Roers’ Amy Johnson Honored as 2020 Rising Young Professional

Finance & Commerce held a virtual celebration on Thursday evening honoring the recipients of their 2020 Rising Young Professionals awards. The 30 honorees were selected by an independent panel for distinguishing themselves in their industries and communities. Roers Companies celebrates our own Director of Marketing & Leasing Amy Johnson among these impressive young professionals. Amy manages a marketing and leasing...

Urban Milwaukee: Biggest Ever Affordable Housing Project Advances

Below is an excerpt from the June 30, 2020 Urban Milwaukee article by Jeramey Jannene. The biggest proposed affordable housing development in the city took a major step forward Tuesday morning. The Common Council’s Zoning, Neighborhoods & Development Committee unanimously endorsed a $3.15 million financing package for the $59 million, 197-unit The Community Within the Corridor development. Developer Que El-Amin, through...

Milwaukee Project Unanimously Endorsed by City’s Development Committee

Below is an excerpt from the June 30, 2020 Milwaukee Journal Sentinel article "City cash totaling $3.1 million endorsed for a $59 million mixed-use development on Milwaukee north side" by Tom Daykin The planned transformation of a large, historic Milwaukee central city industrial site into affordable apartments, as well as commercial and community space, would get city financing help under...

Havenwood of Onalaska Hosts Virtual Open House

Havenwood Senior Living hosted a virtual open house via Zoom on June 30 for those interested in a closer look at the new community in Onalaska while COVID-19 visitor restrictions remain in place. News8000 highlighted the unique event for the La Crosse and Onalaska community. Below is an excerpt from the online article. A new senior living center is opening...

Milwaukee Journal Sentinel Features Community Within the Corridor Project

Below is an excerpt from the June 5, 2020 Milwaukee Journal Sentinel article "How a young Milwaukee developer landed a large Minneapolis partner for his $59 million north side project" by Tom Daykin Que El-Amin had the idea: convert a large former industrial complex on Milwaukee's north side into apartments and commercial space - investing $59 million in one of...

N&E Apartments Sells for $22.9 Million

Reuter Walton Development and Roers Cos. closed on their sale of 93-unit N&E Apartments today to Summit Townhome Investors, LLC. The transaction comes just two months after the new Northeast Minneapolis apartment building opened its doors to the first residents on March 27. The community located at 13th Avenue Northeast opened at over 50 percent preleased — well ahead of...

Finance & Commerce Honors Venue Apartments as a Top Project of 2019

On May 5, Finance & Commerce published its 12th annual Top Projects list honoring "the best in the built environment from across the state." Nearly 100 construction projects completed in 2019 were nominated for this honor, and Roers Cos.' Venue Apartments stood out among the best. Our team is proud to be included among the most impressive real estate development projects...

Maven Apartments Sets New Record for Roers Cos.’ Lease-Ups

Opening at 60% leased on April 15, Maven Apartments in Burnsville is Roers Cos.' most successful lease-up to date. The challenges of marketing and leasing during the COVID-19 crisis haven't slowed interest or leasing activity for this new development in the Twin Cities' southern suburbs. Below is Roers Cos. media release celebrating the success of this project amidst unprecedented challenges....

Leaders Interviewed About Coronavirus Impact on Development

The Minneapolis/St. Paul Business Journal dug into what the coronavirus (COVID-19) pandemic means for the Twin Cities' building boom in an article this week. Among the concerns mentioned in the article is the importance of building inspections, permit reviews, and other local government approval steps throughout the development process. Roers Companies Owner and Co-Founder Brian Roers stated in the article,...

Roers Cos. Featured as 5th Largest Developer in Twin Cities

The Minneapolis St. Paul Business Journal recently published a list of the largest real estate developers in the Twin Cities. “The Business Journal surveyed developers in the Twin Cities to compile this list. The square footage included in the ranking was for commercial, mixed-use and/or multifamily development that broke ground from 2017 to 2019.” View the full list.

Woodbury Development Featured in Finance & Commerce

Roers Companies made headlines this week for our new development coming to Woodbury. Finance & Commerce writer Matt M. Johnson notes, “Roers plans to break ground on its Beyond Apartments later this month, provided the city approves the project in time. The $45 million project would bring dense housing to a once-rural intersection just south of Interstate 94 and a...

Business Journal Spotlights How Roers Cos. Became One of the Biggest Twin Cities Developers

The Minneapolis/St. Paul Business Journal recently released its list of top development companies in the Twin Cities metro area, where Roers Cos. landed at #5. The Business Journal’s Nick Halter wrote an accompanying feature article that helps illuminate the drivers behind our success. “Roers Cos. has been a sizable developer for several years, but flew under the radar here in...

Havenwood of Maple Grove Breaks Ground

In just a two-year period since establishing its Havenwood Senior Living brand in the region, Roers Cos. has grown the portfolio to include properties in Burnsville, Buffalo, Minnetonka, and Richfield, Minn. and Onalaska, Wisc. Roers Cos. continued expanding its Havenwood footprint with a groundbreaking event on November 1, 2019, in Maple Grove. Havenwood of Maple Grove will feature 150 units...

StarTribune Touts Roers Cos.’ Regional Success

"Brian and Kent Roers have quietly built one of the largest Twin Cities-based developer-managers of residential properties," writes Neal St. Anthony in the September 23 edition of the Minneapolis StarTribune. The article features an interview with brothers Brian and Kent Roers. It highlights their philosophy and approach to investment and development, including the diversity of Roers Cos.' properties — student housing,...

Maxwell Lofts Offers Future Residents Realistic 3D Walk-Through

Virtual Reality (VR) has streamed into the Milwaukee real estate market for the first time, in a modern marriage of technology and historic property at the newly renovated Maxwell building in the city’s dynamic Walker’s Point district (or Fifth Ward). Future Maxwell Lofts residents can now take a 3D tour of studio, and 1- and 2-bedroom apartments in the 116-unit...

Maxwell Lofts Featured on Urban Milwaukee

Reporter Jeramey Jannene from Urban Milwaukee posted a feature article on the renovation of Maxwell Lofts in Walker's Point. View the full story on this 116-unit apartment building and see photos of the renovation progress. Learn more about Maxwell Lofts View the full article

Roers Northwest Metro Plans Featured in F&C

Roers Companies was recently featured in Finance & Commerce about its upcoming senior housing and mixed-income projects in the northwest of the Greater Twin Cities metro. The article highlights the planned Havenwood of Maple Grove senior housing facility and the 150-unit, mixed-income apartment proposal for Brooklyn Park. The article discusses the growing demand for senior housing and Roers Cos.' plans...

Roers Companies Senior Living on MPR News

Roers Companies was recently featured in MPR News' story on the growing market for senior housing. Partner Kent Roers was interviewed for the story. He explains one reason why the company has invested more time, energy, and resources into senior housing: "We're building buildings that have independent living, they have assisted living, and then they have memory care. So, people...

Havenwood of Buffalo Breaks Ground

Havenwood of Buffalo, Roers Cos. 5th addition to the Senior Living Communities, broke ground earlier this month! This Havenwood location is just a few blocks from downtown Buffalo and the lake and is anticipated to open in Spring of 2020. Roers Cos., along with our partners, Kaas Wilson Architects, Walker Methodist, and Bauer Design Build LLC are very excited for...

Wisconsin Lieutenant Governor Visits Historic Redevelopment Site

Brian Roers recently provided a tour for the lieutenant governor of Wisconsin, Mandela Barnes, around the construction site for Maxwell Lofts, which will be our first project in Milwaukee. The Roers Cos. team discussed our development goals for Milwaukee with Lt. Gov. Barnes, and then we took him around our construction site for a tour. Click here to learn more...

Roers Pitches Sixth Senior Housing Plan

Finance & Commerce recently featured Roers Cos.' pitch for the sixth senior living community under the Havenwood Senior Living brand, which would be located in Plymouth, MN: "Roers Cos. is planning its sixth Twin Cities senior housing development in 18 months, but this time with a set of villas to go along with a multifamily building housing independent and assisted...

Mezzo Sale Featured in Finance & Commerce

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...

Mezzo Apartments Sold Less Than a Year After Opening

Roers Companies recently sold Mezzo Apartments, located in Northeast Minneapolis, on Thursday, April 25. The apartment community was over 95 percent leased just five months after it opened in mid-November 2018, making it the company's most successful apartment lease-up to date. Core Living, Roers Cos.' property management partner, will continue to manage the community. Click here to read the article...

Development of Havenwood of Buffalo Highlighted in Finance & Commerce

Havenwood of Buffalo marks our fifth Havenwood Senior Living project to start in the last 18 months. This property will be operated by Walker Methodist and open in early 2020. Finance & Commerce recently featured the project's development, as well as the construction of other communities under the Havenwood Senior Living brand. Click here to read the article.

Roers Companies is Awarded Top Senior Housing for Havenwood of Richfield

The Minnesota Real Estate Journal recently presented Roers Cos. with the award for Top Senior Housing in the West Metro, which recognized their work in the development of Havenwood of Richfield, the first installment in a series of communities under the Havenwood Senior Living brand. Havenwood of Richfield, which opened last summer, offers independent living, assisted living, and memory care...

The Des Moines Register Features the Opening of Onyx Offices

The Des Moines Register recently highlighted the development of Onyx Office Suites, the new customizable workspace opening at Flux Apartments in Des Moines: "The first floor of a new apartment building on the western edge of downtown Des Moines will become boutique office space for rent. Onyx Office Suites will open April 1 on the ground floor of Flux Apartments,...

Milwaukee’s Journal Sentinel Highlights Roers Cos.’ Sale of Downtown Parcel

The Journal Sentinel recently highlighted Roers Cos.' sale of their premier parcel of land in popular downtown Milwaukee: "A high-end apartment development with about 200 units is in the preliminary planning stages for a downtown Milwaukee parcel. The mid-rise building would be developed by Chicago based Ravine Park Partners on a vacant lot between North Milwaukee Street and North Broadway, just...

Roers Companies Featured on 2019 List of Largest Real Estate Developers in the Twin Cities

The Minneapolis St. Paul Business Journal recently published a 2019 list of the largest real estate developers in the Twin Cities: "The Business Journal surveyed developers with offices in the Twin Cities 24-county metro area to compile this list. It is ranked by square feet of commercial, mixed-use and/or multifamily development that broke ground in the Twin Cities from 2016 to...

Our Portfolio

Driving properties to reach their potential

View our Portfolio