Maven

BURNSVILLE, MN

Roers Companies’ 137-unit apartment building with first-floor retail will be within walking distance of a bus transit hub, a Cub Foods store, and dining in the Heart of the City redevelopment area. As the city’s first new apartment development in over 14 years, Maven received immense demand. This community opened at 61% pre-leased in April 2020, and achieved stable occupancy in just four months. Maven sold in October 2020 for an average cash-on-cash return of approximately 80% for Roers Companies’ investors.

Square Feet:

190,000

Year:

April 2020

Size:

137 units

Architect & Builder:

J Corp

Asset Type:

Market Rate

Services Provided:

Development, Construction Management, Equity

Cost:

$25 million

Property Address:

7 W Travelers Trail, Burnsville, MN 55337

Square Feet:
190,000

Year:
Spring 2020

Size:
137 units

Architect & Builder:
J Corp

Asset Type:
Market-Rate

Services Provided:
Development, Construction Management, Equity

Cost:
$25 million

Property Address:
7 W Travelers Trail, Burnsville, MN 55337

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