Kentaurus Capital has acquired Kestrel Village Apartments, a 48-unit multifamily community in Prior Lake, Minnesota. The property is located at 16650 Brunswick Ave SE and was marketed by Colliers on behalf of the seller, TE Miller Development. Terms of the transaction were not disclosed.
Colliers brokered the sale with a Minneapolis-area investment sales team that has tracked the asset for more than a decade. Executive Vice Presidents Dan Linnell, Mox Gunderson, and Adam Haydon led the assignment, joined by Associate Vice President Devon Dvorak and Associate Drew Jackson. The team represented TE Miller Development in the disposition. Dvorak noted that the group has been involved with Kestrel Village across its full lifecycle, including the prior sale of the asset in 2015.
Kestrel Village consists of 33 two-bedroom units and 15 three-bedroom units, positioning it as a family-oriented community within the local rental market. The property offers resident-focused amenities, though specific features were not detailed in the announcement. Its unit mix provides larger floor plans than many traditional apartment properties, aligning the community with renters seeking additional bedrooms and living space.
The surrounding area offers a range of dining, entertainment, and outdoor recreation options, contributing to the property’s appeal for residents who prioritize access to nearby services and leisure activities. Kestrel Village also provides convenient access to local parks, as well as Upper and Lower Prior lakes, offering additional recreational opportunities close to the property.
Kentaurus Capital, described as a Twin Cities-based investment firm focused on the strategic acquisition and management of multifamily assets, adds Kestrel Village to its portfolio as part of that investment thesis. While details of Kentaurus Capital’s specific plans for the asset were not provided, the firm’s stated strategy centers on multifamily properties in the region, suggesting that Kestrel Village aligns with its broader regional and asset-class focus.
The seller, TE Miller Development, exited its position in Kestrel Village after at least a decade of involvement, with Colliers having handled an earlier sale of the property in 2015. The repeat assignment underscores the brokerage team’s ongoing role in the asset’s history and reflects the importance of long-term advisory relationships in regional multifamily investment sales.
In a separate note, multifamily stakeholders and market participants are invited to the Connect Midwest Multifamily Trends Conference, scheduled for Tuesday afternoon, June 2, 2026. The event will feature JDL Founder Jim Leitchinger, who will receive the Changing Skyline Award followed by a keynote interview. The conference is positioned as a platform for industry leaders to share perspectives on the evolving multifamily landscape across the Midwest.
