In the News

Wisconsin’s Largest Privately Owned Affordable Housing Breaks Ground

Roers Cos. and our project partners broke ground on Community Within the Corridor (CWC). This $66 million project is developed by Scott Crawford, Inc. and Roers Cos. 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...

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. Additional active 55+ communities within the...

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 Twin Cities Developers

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....

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