News

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....

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, and was the only student apartment community with an outdoor pool when it opened. In addition to the popular...

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...

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