Lyra-Coon-Rapids

MLG Capital Buys Lyra Apartments in Twin Cities Metro

by Lynn Peisner

COON RAPIDS, MINN. — JLL has arranged the sale of Lyra at Riverdale Station, a 180-unit property in the Twin Cities suburb of Coon Rapids. JLL represented the undisclosed seller and secured the buyer, Wisconsin-based MLG Capital. Acquisition financing was secured by MLG assuming the property’s existing HUD loan. Along with Lyra, Aster, an adjacent multifamily property, comprises the residential component of Riverdale Station, a walkable district with retail, grocery and restaurant offerings. JLL’s team was led by Josh Talberg and Joseph Peris.

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