Current offerings

The Opportunity

We are thrilled to introduce Ninety9 Lofts Apartments, a unique, discounted value-add opportunity located in the thriving Minneapolis suburb of Champlin, Minnensota! This 2017-built multifamily property, our fifth investment in this market, features 50 newly renovated units, has benefits from tax increment financing, accelerated depreciation, and is just minutes from Drake University, providing excellent economies of scale in the Des Moines market.

Why we love this deal!

99 Lofts (formerly Riverview Estates) is a 99-unit multifamily property in Champlin, MN, directly on the Mississippi River, with 60% of units offering river views and located near the redeveloped Mississippi Crossings area.

Property Backstory:

The property is currently 60% occupied due to years of poor management and neglect by the previous owners, resulting in outdated units, lack of maintenance, and below-market rents in a strong rental market.

We secured a great deal on the purchase at $91K per unit, significantly below market comparables ($120K–$206K per unit), due to the property’s distressed condition and high vacancy, providing a substantial value-add opportunity through strategic renovations and improved management.

Key highlights

Prime Riverfront Location – Situated along the Mississippi River in Champlin, MN

Top-Tier School District – Highly desirable for families and long-term tenants

Stable, Fixed-Rate Debt – Secured for long-term financial predictability

Spacious, Well-Designed Units – A strong mix of 1-bed, 2-bed, and 3-bed floor plans

Stunning River Views – 60% of units overlook the water

Luxury Interior Upgrades – Granite countertops, stainless steel appliances, new cabinets with lighting, LVP flooring

Premium Amenities – Pickleball courts, sauna, cold tub, indoor golf simulator, theater, fitness center, and riverfront patio

Additional Revenue Streams – Boat dock slips available for extra income

The Mississippi Crossings development is revitalizing Champlin’s riverfront with a new amphitheater, public pavilion, and improved recreational spaces. These enhancements are driving economic growth, making Champlin a more desirable and vibrant community.

You can lock in a share of the property’s tax benefits with a portion of the bonus depreciation, and start receiving distributions from this cash flowing, stable investment!