{"id":586,"date":"2021-05-18T09:10:52","date_gmt":"2021-05-18T09:10:52","guid":{"rendered":"https:\/\/simekpg.com\/?p=586"},"modified":"2021-10-11T09:11:36","modified_gmt":"2021-10-11T09:11:36","slug":"simek-property-group-sells-their-third-apartment-property-this-year","status":"publish","type":"post","link":"https:\/\/simekpg.com\/simek-property-group-sells-their-third-apartment-property-this-year\/","title":{"rendered":"Simek Property Group Sells Their Third Apartment Property This Year"},"content":{"rendered":"<p>Minneapolis, MN, May 18, 2021 \u2013 Simek Property Group completes another apartment property transaction with the sale the Flats at Emerson for $3,724,000. This 28-unit property is located at 3441 Emerson Avenue South in Minneapolis. Stuart Simek, President and owner of Simek Property Group says \u201cWe are in the process of redeploying capital and diversifying our portfolio, and 2021 has been a busy year for us so far. \u201c<\/p>\n<p>The Flats at Emerson was only on the market for 10 days. \u201cWe were waiting for the right time to bring this property to the market, and it looks like our patience paid off. We were very pleased that it sold this quickly,\u201d said Simek.<\/p>\n<p>Simek bought the property in 2013 and completed a top to bottom renovation that included new kitchens, bathrooms, windows, roof, and common areas. Also part of the renovation was the installation of solar panels on the roof that powers the common areas. \u201cI bought this property for its location between uptown and downtown, and by modernizing the interiors we set the property up to be more competitive in the rental market,\u201d said Simek.<\/p>\n<p>The Flats at Emerson is located in the Uptown area of Minneapolis and was built in 1959. The property consists of a mix of studio and 1 to 2 bedroom apartments.<\/p>\n<p><strong>About Simek Property Group.<\/strong> Simek Property Group has been involved in the commercial real estate investment business since 1995. Investment projects have included multi-family, office, and retail. Development projects have included townhomes, retail, and condo conversions. They own and manage more than 350 apartment units throughout the Minneapolis-St. Paul area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minneapolis, MN, May 18, 2021 \u2013 Simek Property Group completes another apartment property transaction with the sale the Flats at Emerson for $3,724,000. This 28-unit property is located at 3441 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simek Property Group Sells Their Third Apartment Property This Year - Simek Property Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simekpg.com\/simek-property-group-sells-their-third-apartment-property-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simek Property Group Sells Their Third Apartment Property This Year - Simek Property Group\" \/>\n<meta property=\"og:description\" content=\"Minneapolis, MN, May 18, 2021 \u2013 Simek Property Group completes another apartment property transaction with the sale the Flats at Emerson for $3,724,000. 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