MSP Affordable Portfolio - East Bridge Street East Bridge Street, Redwood Falls, MN 56283

Colliers International is pleased to bring to market the Cityside Townhomes of Marshall, Minnesota and the Parkside Townhomes of Redwood Falls, Minnesota. Both properties operate under the Section 42 affordable housing program and present investors with a rare opportunity to acquire a multi-building, out of metro affordable housing investment.

Both properties were constructed in 1997 under the Section 42 tax credit program. The properties are designated as family rentals, with no age restrictions. There is no opt-out period after 15 years in the LURA.

Relatively new in build with large unit mixes and oversized outdoor common areas, both properties feature a heavy concentration of three bedroom layouts as well as garages. Given the lack of new construction in these submarkets, both properties represent the upper-end of affordable housing.