June 2018

Aeon Completes NOAH Acquisition in Minnesota

United States - Minnesota

Aeon acquired Provinces Apartments, a 118-unit apartment building in Little Canada, Minnesota. Faegre Baker Daniels represented Aeon, a client of the firm for more than 30 years, in this transaction. 

The Provinces acquisition was the 12th in a series of National Occurring Affordable Housing (NOAH) transactions involving over 1,400 rental units for Aeon. NOAH is a crucial strategy for preserving existing affordable housing to avoid displacement of low-income residents. NorthMarq Capital provided Freddie Mac mortgage financing, and the Greater Minnesota Housing Fund’s NOAH Impact Fund provided an equity investment.

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.