Marcus & Millichap Arranges $3.64M Sale of 33-Unit Multifamily Property in Edina, Minnesota

EDINA, Minn,, Jan. 15, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Heritage Kourt, a 33-unit multifamily property located in Edina, Minnesota, for $3,642,350.

"The buyers saw strong long-term potential in Heritage Kourt, driven by its prime Edina location and opportunity for rental growth through strategic upgrades," said Abe Roberts, managing director investments. "With a steady market outlook and plans for targeted improvements, the property is well positioned for sustainable performance."

Roberts and Michael Jacobs, investment specialists in Marcus & Millichap's Minneapolis office, had the exclusive listing to market the property on behalf of the seller, Heritage Kourt, LLC, and procured the buyer, Fletcher Management, LLC.

Heritage Kourt is situated on 1.57 acres at 3105 Heritage Drive. Built in 1961, the property includes 27 one-bedroom and six two-bedroom apartments across 24,300 rentable square feet. The community is minutes from Southdale Center, Galleria Edina and Centennial Lakes Park.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.