News

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...

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 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...

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...

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 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...

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...

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....

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...

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...

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 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 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, 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...

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...

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...

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...

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...

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.

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,...

The Minneapolis / St. Paul Business Journal recently gave an in-depth look at Roers Cos.' plans for the 137-unit apartment project that is being planned in Burnsville's Heart of the City area, as well as the senior living community that will be located a couple of miles south: "Around 18 years ago Kent Roers moved from his hometown of Marshall...

The Journal Sentinel, part of the USA Today Network, recently featured Roers Cos.' plans for the Maxwell, which is in Milwaukee, WI: "An industrial building in Milwaukee's Walker's Point neighborhood will be converted into 116 upscale apartments after being sold to a Minneapolis-area developer." View the article

The Milwaukee Business Journal highlighted the Maxwell, located in Milwaukee's Walker's Point: The property is in the northern area of Milwaukee’s Walker’s Point neighborhood, where developers are buying and rehabbing historic industrial buildings into offices and apartments at a furious pace. Roers Cos.’ planned historic project will rehab and expand the five-story building at 214 E. Florida St. and its...

"Roers Cos.’ planned 138-unit apartment building at 7 Travelers Trail in Burnsville will be within walking distance of a bus transit hub, a Cub Foods store and dining in the Heart of the City redevelopment area." Construction will begin before the end of 2018. View the article.

Finance and Commerce highlighted Havenwood of Burnsville on their main page: "The Burnsville project is one of five Roers Cos. developments under the Havenwood Senior Living brand." Havenwood of Burnsville will have 18 memory care units and 116 assisted living and independent living apartments, and the community is set for completion in October 2019. View the article

The Sun Current highlighted the grand opening of Havenwood of Richfield on August 30: "'Havenwood of Richfield definitely fills a gap for the growing number of aging seniors not only in Richfield but in nearby Minneapolis and Bloomington,' notes [Kent] Roers Cos.." Read the full article.

Roers was featured in a recent Star Tribune article focused on the explosion of redevelopment interest in Richfield, MN. "Havenwood was Roers Cos.' first foray into senior living, and worked well for what [Kent Roers] called 'a town in transition.' It now has 91 percent of its independent and assisted-living units filled up." Read the full article.

The Star Tribune recently highlighted the development of N&E, our second Northeast Minneapolis project, which is set to open in Summer of 2019. Read the full article.

The Star Tribune recently wrote a highlight feature on our five new Havenwood Senior Living projects currently under construction: After developing about $500 million in residential and commercial projects throughout the Midwest, including thousands of market-rate rentals in the Twin Cities metro and the Dakotas, growing demand for senior housing is sending the company in another direction..." Read the full article.

"A brand-new Des Moines apartment building opened Thursday, and it has the city's first-ever rooftop pool and hot tub..." Read the full article

Our historic preservation development is aimed at bringing affordable housing and office space to Cloquet. The 57 rental units will provide a much-needed housing option for to local working families. View the article

We're approaching the ground breaking of Venue, our 134-unit site in Chanhassen. Located next to Chanhassen Dinner Theatre, Chanhassen Cinema and the SW Transit Park & Ride, Venue will feature a 19,000-sq.-ft. ALDI store as its sole retail tenant. Finance & Commerce recently featured the project's development. Read the article