Gindi Equities Acquires Amber Valley Apartments in Fargo, North Dakota

FARGO, N.D. — Gindi Equities has acquired Amber Valley Apartments, a 162-unit property in Fargo, for an undisclosed price. Built in 2001, Amber Valley Apartments consists of 162 units that range from one- to three-bedroom floor plans. Gindi plans to launch a renovation program at the community, upgrading both interior spaces and common areas. The seller, Property Resources Group, will continue to manage and service the asset. The acquisition marks Gindi’s fourth purchase in the Fargo market in the past 12 months.