MINNEAPOLIS—Dakota REIT primarily owns commercial real estate in the Fargo, ND, metropolitan area, but like an increasing number of investors, it can't resist the lure of the Minneapolis region, which has one of the most robust economies in the US.
In the past few months, Dakota REIT, which has more than $300 million in commercial real estate holdings, has acquired three buildings in the Twin Cities area totaling 115,000 square feet. Cushman & Wakefield | NorthMarq assisted in each transaction and will also oversee the properties on behalf of Dakota REIT.
“We look for good properties in good locations that can be managed well, and the Minneapolis-St. Paul market provides that,” says Jim Knutson, executive vice president of Dakota REIT.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
