Business & Tech

Burnsville Apartment Complex Sells For $50M: Report

Parkvue Flats was recently sold to a Utah-based firm.

BURNSVILLE, MN — Burnsville apartment complex Parkvue Flats recently sold for nearly $50 million, according to a report by Minneapolis/St. Paul Business Journal.

The previous owners, New York-based Abacus Capital Group, closed the deal with Utah-based Bridge Investment Group earlier this month, the report said.

The sale is around $155,000 per each of the 318 units, according to the report.

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