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Rare Lakeside Apartment Property in South Minneapolis Snapped Up By Active Investor

New Multifamily Property Atop Upscale Grocery Store Trades for More Than $46 Million
Noko Apartments takes its name from nearby Lake Nokomis, a popular recreational area that can be seen in the background. (CoStar)
Noko Apartments takes its name from nearby Lake Nokomis, a popular recreational area that can be seen in the background. (CoStar)
By Clare Kennedy
CoStar News
February 11, 2022 | 1:20 AM

One of the Minneapolis-St. Paul region's most voracious apartment buyers has acquired Noko Apartments, the first multifamily property to be built near Lake Nokomis since the late 1980s, in a deal that pushed the limits of pricing in the area.

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