SouthView Gables Apartments consists of 424 market-rate units located in Inver Grove Heights, Minnesota, near the intersection of Interstate 494 and Highway 52.
This asset was acquired December 30, 2014 by a partnership comprised of White Oak Partners (Ohio) and a fund managed by Ares Management (Atlanta). The apartment complex was built in 1987. The six buildings include four three-story apartment buildings, one clubhouse and a pool house.
The Excelsior Group (TEG) currently provides third party management at SouthView Gables. In addition to managing the property, TEG will act as construction manager overseeing significant capital improvements over the course of three years.