Alex Rodriguez | Wikimedia Commons/Keith Allison
Alex Rodriguez | Wikimedia Commons/Keith Allison
Alex Rodriguez has been investing in Minnesota real estate through companies managed by Monument Real Estate Services this year.
Recently, the Coral Gables-based company purchased two Eagan apartment complexes, according to an April 8 report by Finance and Commerce. Monument Parkside LLP paid $8.485 million for Parkside Apartments, a 64-unit property at 3500 Lexington Ave., S., according to a certificate of real estate value made public in early April.
Another company paid $6.8 million for Crossroads of Eagan apartments, a 32-unit complex.
Both deals closed on March 31, and the entities are a group of private investors led by Stuart Zook, the chief investment officer of Monument Capital Management, which is also linked to Rodriguez. This is not the first investment the company has made in property in Minnesota. In 2016, the company paid $22.5 million for Lexington Hills apartments, a complex of 168 units.
Vacancy rates at both properties are low.
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