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  • 🔥PSA Signed! | Hillcrest Place Apartments | 111 Units in Little Canada, MN🔥

🔥PSA Signed! | Hillcrest Place Apartments | 111 Units in Little Canada, MN🔥

Ridgeview’s latest offering combines strong in-place income with long-term growth potential

October 28, 2025

PROPERTY HIGHLIGHTS

  • ADDRESS: 165 E County Rd. B2, Little Canada, MN

  • STORIES / UNITS: 3 / 111

  • RENTABLE SF: 80,349 SF

  • AVERAGE UNIT SIZE: 724 SF

  • SITE SIZE: 5.49 Acres

  • PARKING STALLS: 272 Total (2.45:1)

  • JURISDICTION: Ramsey County

  • YEAR BUILT: 1977

  • LITTLE CANADA, MN:

    • Centrally Located Community

    • Well-Educated Residents

    • Regional Labor Market

  • UNIT CONDITION:

    • 66 Renovated Units

    • 22 Partially Renovated Units

    • 23 Units in Original Condition

    • 111 Total Units

5 REASONS WE LOVE THIS OPPORTUNITY

  • DISCOUNTED BASIS.  The Federal Reserve’s aggressive fight against inflation has pushed borrowing costs up by 250–300 basis points, creating a reset in valuations and leaving today’s pricing well below peak levels.

  • SIGNIFICANT UPSIDE. Renovating the original apartments and common areas enhances the property’s NOI while attracting top-credit residents.  At Hillcrest Place, renovated units are currently achieving a $180 per month premium over original units.

  • TAX BENEFIT. A Cost Segregation study will be completed.  This strategy accelerates depreciation, boosting cash flow and reducing tax burdens on rental income.  Investors in Hillcrest Place can expect significant passive losses on their 2025 tax return.

  • DEVELOPMENT PIPELINE SLOWDOWN. After reaching a peak of 15,500 units in 2022, apartment permits dropped to 5,000 last year and are tracking even lower in 2025.  This slowdown is expected to tighten supply and increase demand once the current wave of projects under construction is absorbed.

  • TWIN CITIES SUBURBAN STABILITY.  The Twin Cities suburbs continue to deliver steady 2 –3% annual rent increases.

Investment Opportunity Highlights

  • Number of units: 111

  • Capital Raise: $5,570,000

  • Minimum Investment: Minimum investment of $50,000 (Cash & Solo 401k funds acceptable / IRA funds may be accepted depending on timelines)

  • Date Investment is Open to Investors: October 28th, 2025

  • Estimated Time of Closing: December 16th, 2025

  • Depreciation Losses: Bonus depreciation is projected to be applied to the 2025 tax year

To express your interest in joining this venture, simply click the “Investor Interest Form” button below. Remember, filling out the form doesn’t commit you to invest.

Please reach out with any questions.

Ben Michel
[email protected]
ridgeviewpropertygroup.com

This 506(c) offering is open to accredited investors only.  The numbers presented are projections; actual numbers are dependent on asset performance.