Real Estate Equities

New mixed-income apartments built without subsidy

  Real Estate Equities, Greater Minnesota Housing Fund, and Merchants Capital have teamed up to create Technology Park, a 164-unit housing complex in Rochester, Minnesota. The apartments will provide naturally affordable rental housing to Rochester’s workforce without subsidy. Technology Park, to be renamed upon the building’s opening, will help ease Rochester’s affordable housing crisis. Rochester was… Read more

Devean George thanking partners

Mixed-use community hub, Commons at Penn, celebrates grand opening of apartments, future co-op

Minneapolis developer Building Blocks, Inc. and its many project funders are pleased to announce the grand opening of Commons at Penn, a new construction, 47-unit, mixed-use, transit-oriented development in the heart of the Willard-Hay neighborhood in Minneapolis. The new residential community, located at the intersection of Penn Avenue and Golden Valley Road, provides attractive new… Read more

Fountain Terrace, New Brighton

NOAH Impact Fund invests in pilot project

NOAH Impact Fund executes pilot projects to demonstrate the viability of the investment program. The Fund builds on the best practices nationally of affordable housing developers that have acquired and manage new portfolios of existing unsubsidized affordable housing. In August 2015, the Fund financed the equity portion of a $6.8 million acquisition, rehabilitation and preservation… Read more

Colorful banner image featuring the skyline that you might typically see in a small city or town in Greater Minnesota.