Investment Overview
Roers Companies is developing a 191-unit market-rate community within The COR at Ramsey, the city’s live-work-play district. This investment reflects a disciplined focus on high-demand suburban markets with durable fundamentals — a strategy proven across the northern Twin Cities through projects like Lexi Apartments in Blaine, Axle Apartments in Fridley, and Maven in Burnsville. The site is fully zoned within a city-backed master plan where millions have already been invested in infrastructure, retail, parks, and public spaces. The property will compete primarily against older, third-party managed assets, positioning it as the newest, best-in-class offering in the market. Surrounded by expanding retail anchors such as Coborn’s and ALDI among other daily-needs retail, trails, and strong highway access, the project is well positioned for steady absorption, durable cash flow, and long-term value creation as Ramsey continues to mature.
MINIMUM INVESTMENT
$150,000
ASSET CLASS
Market-Rate Apartments
INVESTMENT TYPE
Equity – Limited Partner
Low-Cost Land Basis & City Alignment
The project sits on land owned by the City of Ramsey, which is being sold to Roers Cos. at a highly favorable price, resulting in an exceptionally low land basis of approximately $7,068 per unit. The site comes fully zoned for multifamily, reflecting strong city support and eliminating entitlement risk. A prior developer completed the approval process but did not move forward; the city is eager to see the project successfully executed. This alignment creates a rare opportunity to deliver new construction housing with reduced risk and strong long-term potential.
Embedded Retail Component with Upside
The project includes approximately 5,000 square feet of retail space. Roers Cos. is conservatively assuming nearly 50% of market rental rate, minimizing reliance on retail income in the base case. This approach provides meaningful upside potential should a strong credit tenant be secured for the full space at market or above-proforma rents.
Competitive Positioning as Newest Product
Situated in Anoka County, the project benefits from a favorable tax environment compared to other Twin Cities submarkets. Just as important, this is not an unproven location — multifamily housing within The COR at Ramsey has already demonstrated successful lease-up, with nearby communities sustaining high occupancy and continued rent growth. Roers Cos. will deliver as the newest and most modern multifamily product in the district; this project is expected to be the final new apartment community introduced to the area — creating a lasting competitive advantage as the last, best-in-class housing option in an established and growing suburban corridor.
Sought-After Townhome-Style Units
The project will feature townhome-style residences along the north and west sides of the building. These first-floor units include individual front doors that open directly onto the street, creating a true walk-up living experience. This design offers residents an added sense of privacy, convenience, and connection to the neighborhood.
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