Greystar Real Estate Partners has snapped up Avana Maple Grove, a 264‑unit apartment community in Maple Grove, Minn., for $53 million. The deal for the property previously known as Arbor Glen Apartments pencils out to roughly $200,758 per unit and adds another suburban Twin Cities asset to Greystar's growing portfolio.
As reported by the Twin Cities Business Journal, the purchase price and unit count are reflected in industry sources and transaction filings. The outlet credits reporter Caitlin Anderson with breaking down the details of the sale.
What Greystar Bought
Apartment Finder lists Avana Maple Grove at 9325 Garland Lane North and describes it as a 264‑unit, three‑story garden community built in 2001, matching the figures cited in the sale. Amenities at the site include a pool, fitness center and enclosed parking.
Leasing activity is being handled under the Avana branding, which signals that Greystar will operate the community going forward, in line with how the company typically integrates new acquisitions into its platform.
Greystar's Twin Cities Strategy
Greystar has not been shy about its interest in Maple Grove. The company opened its Summerwell build‑for‑rent community in the suburb in 2023, a move that suggested it was in the market here for the long haul. PR Newswire covered the Summerwell launch, noting the project was pitched as a "small village" style community.
Industry coverage has also pointed to Greystar's habit of folding new properties into branded platforms such as Avana. For example, the firm renamed an acquired Miami‑area complex under the Avana banner after a 2025 purchase, according to The Real Deal.
What Renters Should Expect
So far there are no public notices of major renovations or sudden rent changes tied to the Avana Maple Grove sale, and leasing at the property remains open under the existing branding. The on‑site Avana Maple Grove team is handling inquiries.
Tenants and prospective renters who want more information can reach out through the contact details listed by Greystar on the community page for the property.
