Real Estate Acquisitions in Minnesota

Homestead Road, a tech-enabled residential real estate company, has acquired Twin Cities Home Buyers, a local real estate investment firm serving the Twin Cities metro. Twin Cities Home Buyers will continue operating locally under the Homestead Road platform as the company pursues a roll-up strategy to consolidate the fragmented fix-and-flip market; financial terms were not disclosed.

U-Haul acquired the former Extra Space Storage facility at 1717 W. River Road N. in Minneapolis and opened it as U-Haul Moving & Storage at West River Road. The two-story, 975-unit self-storage property became operational under U-Haul management on Nov. 19, and the company plans to hire up to eight team members to staff the location.

Investment funds managed by Morgan Stanley Capital Partners (MSCP) have acquired RowCal, a Minneapolis-based provider of outsourced homeowner association (HOA) property management services. MSCP is partnering with founder and CEO Jake Christenson to accelerate RowCal's national buildout through organic growth and M&A; RowCal currently serves Minnesota, Colorado and Texas.