Colliers Facilitates Sale of 121-Unit LIHTC Senior Housing Community in St. Paul's Highland Neighborhood
Colliers Minneapolis-St. Paul has facilitated the sale of Graham Place Senior Apartments, a 121-unit, 55-plus Low-Income Housing Tax Credit (LIHTC)-designated senior housing community located in St. Paul's Highland neighborhood, the firm announced March 10, 2026. The team represented both the buyer and seller in the transaction.
The Colliers multifamily team responsible for the transaction included Executive Vice Presidents Mox Gunderson, Dan Linnell, and Adam Haydon, along with Associate Vice President Devon Dvorak and Associate Broker Drew Jackson. Financial terms of the transaction were not disclosed.
Colliers Multifamily Team and Transaction Details
The Colliers team has collectively sold or capitalized more than $3.5 billion in multifamily assets throughout the Midwest. Gunderson and Linnell co-lead Colliers' Multifamily Team in Minnesota, focusing on acquisition, disposition, financing, and negotiation of multi-housing transactions. Both executives previously served as Managing Directors at JLL's Capital Markets Group in Minneapolis before joining Colliers.
Haydon, also an Executive Vice President with Colliers Capital Markets, specializes in the sale and financing of multi-housing transactions across secondary and tertiary markets in Minnesota, the Dakotas, Montana, Iowa, and Nebraska. His background includes work with both institutional and private capital investors on large-scale portfolios, new developments, affordable housing, and value-add investment sales.
Dvorak, an Associate Vice President, focuses on acquisition, disposition, and financing of multi-housing transactions across the Midwest. He spent five years at JLL prior to joining Colliers, building experience in investment advisory and capital markets. Jackson, who joined the team in 2024 and now serves as an Associate Broker, holds degrees in Finance and Real Estate from the University of St. Thomas in St. Paul and supports the team's private capital platform and institutional transactions.
Graham Place Senior Apartments: Property Overview
Graham Place Senior Apartments is a LIHTC-designated community restricted to residents aged 55 and older, situated in St. Paul's Highland neighborhood. The property contains 121 units. Specific details including the property's street address, year of construction, square footage, occupancy rate, sale price, price per unit, and capitalization rate were not disclosed in the announcement.
Colliers' Multifamily Platform
The Graham Place sale reflects Colliers' continued focus on multifamily and senior housing transactions in the Twin Cities and broader Midwest region. The Minneapolis-St. Paul Multifamily Team's experience spans dispositions, like-kind exchanges, portfolio sales, valuation, and underwriting across Minnesota and surrounding border states.
The transaction also highlights the team's capacity to represent both buyer and seller in a single transaction. Colliers is a global commercial real estate services firm with operations across brokerage, investment management, and advisory services. The Minneapolis-St. Paul office's Multifamily Team focuses on multi-housing capital markets activity throughout the Midwest.