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JLL closes sale of Twelve 501 Apartments in Burnsville, Minnesota

The deal covers a 336-unit property built in 1986 that was renovated beginning in 2017, in Burnsville’s downtown corridor.

Reported · Written up by our desk · Residential

JLL has closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota, according to ConnectCRE.

JLL represented the seller, FPA Multifamily, and secured the buyer, Osso Capital, noting it is Osso Capital’s first investment in Minnesota.

The four-story property sits on a 14.62-acre site overlooking Birnamwood Golf Course and features urban-style amenities and retail in the Burnsville downtown corridor.

ConnectCRE said the apartment community was built in 1986 and received extensive renovations starting in 2017, citing JLL Capital Markets leadership including Managing Director Josh Talberg, Director Joseph Peris, and Associate Eli Smith.

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