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Sale of Stake in Woodbury Apartments Becomes One of Minnesota's Biggest Deals in Pandemic

Recapitalization Transaction Bested Only By Industrial Sales, Power Plant
Valley Creek Apartments is a large property in the affluent city of Woodbury, one of the most prosperous cities on the east side of the Minneapolis-St. Paul metropolitan area. (CoStar)
Valley Creek Apartments is a large property in the affluent city of Woodbury, one of the most prosperous cities on the east side of the Minneapolis-St. Paul metropolitan area. (CoStar)
By Clare Kennedy
CoStar News
September 9, 2020 | 2:12 P.M.

A group tied to New York City-based real estate investor DRA Advisors has bought into a joint venture working to renovate a large multifamily property in Woodbury, Minnesota, as part of a recapitalization of the project.

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