Morgan Stanley Buys Altair apartments in Minneapolis

SaleMultifamily & Mixed-useNorth & Northwest Suburbs

Reported Oct 21, 2026 · Source: Finance & Commerce

Source: Finance & CommerceRead the full report at Finance & Commerce ↗

Deal details

Buyer
Morgan Stanley
Seller
Sherman Associates
Price
$19.9M (about $209,500 per unit)
Size
95 units
Price per unit
$209,474 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
North & Northwest Suburbs
Metro
Minneapolis-St. Paul
Reported date
Oct 21, 2026

Summary

Morgan Stanley bought Sherman Associates' 95-unit Altair apartments in Fridley for $19.9 million, adding to Twin Cities multifamily investment activity. Morgan Stanley bought the 95-unit Altair apartment building in Fridley from Minneapolis-based Sherman Associates for $19.9 million, or about $209,500 per unit.

Summarized from the article; the quoted lines below are from the article itself.

Source: Finance & Commerce

Read the full report at Finance & Commerce. What the article says:

  • Deal / Price / Size / Buyer / Seller
    Morgan Stanley bought Sherman Associates' 95-unit Altair apartments in Fridley for $19.9 million, adding to Twin Cities multifamily investment activity.
  • Deal
    Morgan Stanley bought the 95-unit Altair apartment building in Fridley from Minneapolis-based Sherman Associates for $19.9 million, or about $209,500 per unit.

Article date: 2026-10-21T21:20:50+00:00

Frequently asked questions

Who bought Altair apartments?
Morgan Stanley bought Altair apartments in North & Northwest Suburbs, Minneapolis, according to Finance & Commerce.
How much did Altair apartments sell for?
The reported price is $19.9M, per Finance & Commerce.
Who sold Altair apartments?
The seller was Sherman Associates, per Finance & Commerce.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.