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Suburban Apartment Development Scores Construction Loan

Partners Broke Ground on Complex Outside Minneapolis in February
The Novo apartment complex is going up just east of the intersection of Penn Avenue and 66th Street, one of Richfield's more prominent commercial areas. (Vincent Real Estate)
The Novo apartment complex is going up just east of the intersection of Penn Avenue and 66th Street, one of Richfield's more prominent commercial areas. (Vincent Real Estate)
By Clare Kennedy
CoStar News
May 8, 2020 | 2:57 AM

Investment manager Principal Financial Group has thrown its weight behind Novo, a 192-unit apartment complex going up in Richfield, Minnesota, a suburb just south of Minneapolis.

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