Developed by two MRG Realty Partner agents Sam Daoud and Max Schwartzmen, this incredibly successful project was conceived during an assembly of two single-family homes that sat high on two lots. This upper end St. Thomas Student Housing building is fully occupied and in high demand. Proving the value of Class A Student Housing in St. Paul, Marshal Suites is currently managed under the direction of Max and Sam under Fairway Management Services. Built and managed to cash flow, this building and the approach sets a new standard for student housing in St. Paul and incredibly efficient management which began in the planning process for energy efficiency, quality of life living and enough conveniences to assist students during their undergraduate and graduate years.
1944 Lexington Ave North, St. Paul
MRG Realty Partners first contact with this building was back in 2013. Coming out of a bank foreclosure, MRG Realty Partners arranged a sale and began the work of repositioning the asset with more up to date and capable tenants. Sold once again, the stabilization process was completed with strong NNN tenants and MRF Asset Management still manages the building to this date.
1232 Marshal Avenue St. Paul
Acquired through an MRG Realty Partners Fund, this 6 unit building is currently managed by MRF Asset Management and is under-going as needed renovations and is being converted to CSP Student Housing. Plans for finalizing rents and coordinating the timing of leases to match student and campus needs also involves the coordination and timing of a new building next door on the empty lot to be built as market demand requires.
3019 11th Avenue Minneapolis, MN
MRG Realty Partners acting with a long-standing client organized the purchase of this 12 unit, ideally laid out 1 BR apartments. After upgrades to the structure including adding a laundry room, updating units, and modifying lease forms from previous ownership, the building is now running at the lowest expense ratio possible fully stabilized.
1523 Como Avenue SE, Minneapolis MN
After managing this mixed-use building for over 4 years, MRG Realty Partners was hired exclusively by both the Seller and the Prospective buyer to arrange a sale. Completed on 12/31/18, Things to Come LLC (a wholly-owned entity of MRG Realty Partners) hired MRF Asset Management to perform the oversight and management duties. Located in an Opportunity Zone, Under Minneapolis’s new 2040 Zoning Corridor Concept, the building is stabilized with 6 residential units and 4 Commercial units. Ultimately, this building will be listed for sale at the right time.
The Lexington – 1096 Grand Ave, St. Paul