News

Active 55+ Concept Expands

October 14, 2021

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,...

Company News

Roers Cos. Eyes Salt Lake City Expansion

October 12, 2021

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...

Company News

First Residents Move in to Roers Cos. Largest Project Yet

October 7, 2021

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...

Company News

Red44 Sold for Record Price in Rochester

October 5, 2021

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...

Company News

Wisconsin’s Largest Privately Owned Affordable Housing Breaks Ground

May 19, 2021

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...

Company News

Sixth Senior Living Community Opens in Maple Grove

April 29, 2021

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...

Company News

Roers Companies to Break Ground on First Active 55+ Development

April 28, 2021

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...

Awards & Achievements

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

February 26, 2021

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...

Awards & Achievements

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

February 9, 2021

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...

Awards & Achievements

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

February 2, 2021

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...

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