**Marcus & Millichap Brokers $59.5M Sale of Minneapolis Multifamily Property**
Marcus & Millichap has announced the successful brokerage of The Liberty, a 242-unit luxury multifamily property located in Golden Valley, Minnesota. The property was sold for $59.5 million.
“The Liberty is a 96%-occupied luxury apartment and townhome asset poised for continued growth as multifamily supply tapers and demand for well-located suburban properties increases in the Minneapolis-St. Paul area,” said Abe Roberts, Senior Vice President Investments at Marcus & Millichap’s Minneapolis office.
Roberts represented the seller, an entity affiliated with the Schachtman family, and secured the buyer, The Goodman Group — a national real estate investment firm based in Chaska, Minnesota. The Goodman Group plans to implement value-add strategies aimed at enhancing both the appeal and performance of the asset.
Originally completed in 2017, The Liberty features a total of 55 townhomes and 187 apartment units. Units range in size from 568 square feet to 1,536 square feet and offer a mix of one-, two-, and three-bedroom floor plans. The community provides modern amenities designed to attract a diverse resident base.
Industry professionals are encouraged to attend the upcoming Connect Midwest Multifamily Conference, taking place on June 4, 2025, at The Midland Hotel in Chicago, Illinois. Highlights will include the Lifetime Achievement Award Presentation and a keynote interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC, conducted by Fred Schreiber, Chief Operating Officer.
Don’t miss this opportunity to network with peers and gain insights into the future of multifamily investment and development.
