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March 29, 2016 Comments Off on Townhome Portfolio Sells to IRET for $72M Views: 382 California News, Midwest, Minnesota, National News, North Dakota

Townhome Portfolio Sells to IRET for $72M

Investors Real Estate Trust (IRET), located in Minot, ND, has struck a $72.5 million deal with Bouquet Cos. to acquire a 393-unit luxury townhome portfolio. The collection is in Rochester, MN and consists of four properties, built between 1990 and 2010.

IRET now owns the 187-unit Avalon Cove at 3202 Avalon Cove Lane NW; the 90-unit Cascade Shores at 144 Beach Lake Road SW; the 76-unit Crystal Bay at 2450 Crystal Bay Court SW; and the 40-unit French Creek at 2000 Chardonnay Lane NW.

Read More at PR Newswire

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