Mahtomedi
REAL ESTATE
Standard Communities Makes First Investment in Minnesota with Rivertown Commons Senior Housing
Standard Communities, a leading national multifamily housing investor and developer, has made its first investment in Minnesota, acquiring Rivertown Commons, a 96-unit 100% affordable community for seniors and individuals with disabilities in Stillwater. The transaction is capitalized at $27.8 million. Standard completed the acquisition in partnership with the Washington County...
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