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ACQUISITIONS, DEVELOPMENT PROJECTS PLACED IN SERVICE AND DISPOSITIONS (Tables)
 12 Months Ended
Apr. 30, 2016
ACQUISITIONS, DEVELOPMENT PROJECTS PLACED IN SERVICE AND DISPOSITIONS [Abstract]  
Acquisitions

The fiscal year 2016 and 2015 acquisitions are detailed below.

 

Fiscal 2016 (May 1, 2015 to April 30, 2016)  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

Total

 

 

Form of Consideration

 

Investment Allocation

 

 

    

Date

    

Acquisition

  

  

 

 

    

 

 

  

  

 

 

    

 

 

    

Intangible

 

Acquisitions

 

Acquired

 

Cost

 

 

Cash

 

Units(1)

 

 

Land

 

Building

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multifamily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

74 unit - Gardens - Grand Forks, ND

 

2015-09-10

 

$
9,250

 

 

$
8,850

 

$
400

 

 

$
518

 

$
8,672

 

$
60

 

276 unit - GrandeVille at Cascade Lake - Rochester, MN

 

2015-10-29

 

 
56,000

 

 

 
56,000

 

 

 —

 

 

 
5,003

 

 
50,363

 

 
634

 

187 unit - Avalon Cove - Rochester, MN(2)

 

2016-03-22

 

 
36,250

 

 

 
15,000

 

 
17,826

 

 

 
1,616

 

 
34,145

 

 
489

 

90 unit - Cascade Shores - Rochester, MN

 

2016-03-22

 

 
18,500

 

 

 
18,500

 

 

 —

 

 

 
1,585

 

 
16,710

 

 
205

 

76 unit - Crystal Bay - Rochester, MN

 

2016-03-22

 

 
12,000

 

 

 
12,000

 

 

 —

 

 

 
433

 

 
11,425

 

 
142

 

40-unit - French Creek - Rochester, MN

 

2016-03-22

 

 
5,000

 

 

 
5,000

 

 

 —

 

 

 
201

 

 
4,735

 

 
64

 

 

 

 

 

 
137,000

 

 

 
115,350

 

 
18,226

 

 

 
9,356

 

 
126,050

 

 
1,594

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27,819 sq ft Lakeside Medical Plaza - Omaha, NE

 

2015-08-20

 

 
6,500

 

 

 
6,500

 

 

 —

 

 

 
903

 

 
5,109

 

 
488

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Property Acquisitions

 

 

 

$
143,500

 

 

$
121,850

 

$
18,226

 

 

$
10,259

 

$
131,159

 

$
2,082

 

 

(1)

Value of Units of the Operating Partnership based on the closing market price of our common stock on the acquisition date. The number of Units issued were approximately 44,000 and 2.5 million, respectively, for the Gardens and Avalon Cove acquisitions.

(2)

Acquisition resulted in a gain on bargain purchase of approximately $3.4 million. See Note 2 for additional information.

 

 

Fiscal 2015 (May 1, 2014 to April 30, 2015)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

Total

 

 

Form of Consideration

 

 

Investment Allocation

 

 

    

 

    

Acquisition

 

 

 

    

    

 

 

 

 

 

 

 

 

 

    

 

 

    

Intangible

 

Acquisitions

    

Date Acquired

    

Cost

  

  

Cash

    

Units(1)

    

Other(2)

  

  

Land

    

Building

    

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multifamily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

152 unit - Homestead Garden - Rapid City, SD(3)

 

2014-06-02

 

$

15,000

 

 

$

5,092

 

$

 —

 

$

9,908

 

 

$

655

 

$

14,139

 

$

206

 

52 unit - Silver Springs - Rapid City, SD

 

2014-06-02

 

 

3,280

 

 

 

1,019

 

 

 —

 

 

2,261

 

 

 

215

 

 

3,006

 

 

59

 

68 unit - Northridge - Bismarck, ND

 

2014-09-12

 

 

8,500

 

 

 

8,400

 

 

100

 

 

 —

 

 

 

884

 

 

7,516

 

 

100

 

119 unit - Legacy Heights - Bismarck, ND(4)

 

2015-03-19

 

 

15,000

 

 

 

14,300

 

 

700

 

 

 —

 

 

 

1,207

 

 

13,742

 

 

51

 

 

 

 

 

 

41,780

 

 

 

28,811

 

 

800

 

 

12,169

 

 

 

2,961

 

 

38,403

 

 

416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unimproved Land

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Creekside Crossing - Bismarck, ND

 

2014-05-22

 

 
4,269

 

 

 
4,269

 

 

 —

 

 

 —

 

 

 
4,269

 

 

 —

 

 

 —

 

PrairieCare Medical - Brooklyn Park, MN

 

2014-06-05

 

 
2,616

 

 

 
2,616

 

 

 —

 

 

 —

 

 

 
2,616

 

 

 —

 

 

 —

 

71 France Phase I - Edina. MN(5)

 

2014-06-12

 

 
1,413

 

 

 

 —

 

 

 —

 

 
1,413

 

 

 
1,413

 

 

 —

 

 

 —

 

Monticello 7th Addition - Monticello, MN

 

2014-10-09

 

 
1,660

 

 

 
1,660

 

 

 —

 

 

 —

 

 

 
1,660

 

 

 —

 

 

 —

 

71 France Phase II & III - Edina. MN(5)

 

2014-11-04

 

 
3,309

 

 

 

 —

 

 

 —

 

 
3,309

 

 

 
3,309

 

 

 —

 

 

 —

 

Minot 1525 24th Ave SW - Minot, ND

 

2014-12-23

 

 
1,250

 

 

 
1,250

 

 

 —

 

 

 —

 

 

 
1,250

 

 

 —

 

 

 —

 

 

 

 

 

 
14,517

 

 

 
9,795

 

 

 —

 

 
4,722

 

 

 
14,517

 

 

 —

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Property Acquisitions

 

 

 

$
56,297

 

 

$
38,606

 

$
800

 

$
16,891

 

 

$
17,478

 

$
38,403

 

$
416

 

 

(1)

Value of limited partnership units of the Operating Partnership based on the closing market price of our common stock on the acquisition date. The number of Units issued were approximately 11,000 and 77,000, respectively, for the Northridge and Legacy Heights acquisitions.

(2)

Consists of assumed debt (Homestead Garden I: $9.9 million, Silver Springs: $2.3 million) and value of land contributed by the joint venture partner (71 France: $4.7 million).

(3)

At acquisition, we adjusted the assumed debt to fair value and recognized approximately $852,000 of goodwill.

(4)

At acquisition, the purchase price included assets in development (land: $804,000, building: $7.8 million, escrow $1.3 million).

(5)

Land was contributed to a joint venture in which we have an approximately 52.6% interest. The joint venture is consolidated in our financial statements.

 

Results of Operations from Acquired Properties

The revenue and net income of our fiscal year 2016 and 2015 acquisitions are detailed below.

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Year Ended April 30,

    

2016

    

2015

 

Total revenue

 

$
4,094

 

$
2,565

 

Net loss

 

$
(366)

 

$
(1)

 

 

Development Projects Placed in Service

The fiscal year 2016 and 2015 development projects placed in service are detailed below.

 

Fiscal 2016 (May 1, 2015 to April 30, 2016)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

    

Date Placed

    

 

 

    

 

 

    

Development

 

Development Projects Placed in Service (1)

 

in Service

 

Land

 

Building

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multifamily

 

 

 

 

 

 

 

 

 

 

 

 

72 unit - Chateau II - Minot, ND (2)

 

2015-06-01

 

$
240

 

$
14,408

 

$
14,648

 

288 unit - Renaissance Heights - Williston, ND(3)

 

2015-07-27

 

 
3,080

 

 
59,434

 

 
62,514

 

163 unit - Deer Ridge - Jamestown, ND(4)

 

2016-02-22

 

 
700

 

 
24,137

 

 
24,837

 

251 unit - Cardinal Point - Grand Forks, ND(5)

 

2016-03-18

 

 
1,600

 

 
48,132

 

 
49,732

 

 

 

 

 

 
5,620

 

 
146,111

 

 
151,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare

 

 

 

 

 

 

 

 

 

 

 

 

57,624 sq ft Edina 6565 France SMC III - Edina, MN(6)

 

2015-06-01

 

 

 —

 

 
33,041

 

 
33,041

 

70,756 sq ft PrairieCare Medical - Brooklyn Park, MN(7)

 

2015-09-08

 

 
2,610

 

 
21,830

 

 
24,440

 

 

 

 

 

 
2,610

 

 
54,871

 

 
57,481

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

7,963 sq ft Minot Southgate Retail - Minot, ND(8)

 

2015-10-01

 

 
889

 

 
1,734

 

 
2,623

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Development Projects Placed in Service

 

 

 

$
9,119

 

$
202,716

 

$
211,835

 

 

(1)

Development projects that are placed in service in phases are excluded from this table until the entire project has been placed in service. See Note 15 for additional information on the 71 France project, which was partially placed in service during the fiscal year ended April 30, 2016.

(2)

Costs paid in prior fiscal years totaled $12.3 million. Additional costs incurred in fiscal year 2016 totaled $2.3 million, for a total project cost at April 30, 2016 of $14.6 million.

(3)

Costs paid in prior fiscal years totaled $57.7 million. Additional costs incurred in fiscal year 2016 totaled $4.8 million, for a total project cost at April 30, 2016 of $62.5 million. The project is owned by a joint venture entity in which we currently have an approximately 70.0% interest. The joint venture is consolidated in our financial statements.

(4)

Costs paid in prior fiscal years totaled $14.3 million. Additional costs incurred in fiscal year 2016 totaled $10.5 million, for a total project cost at April 30, 2016 of $24.8 million.

(5)

Costs paid in prior fiscal years totaled $23.0 million. Additional costs incurred in fiscal year 2016 totaled $26.7 million, for a total project cost at April 30, 2016 of $49.7 million.

(6)

Costs paid in prior fiscal years totaled $20.8 million. Additional costs incurred in fiscal year 2016 totaled $12.2 million, for a total project cost at April 30, 2016 of $33.0 million.

(7)

Costs paid in prior fiscal years totaled $17.3 million. Additional costs incurred in fiscal year 2016 totaled $7.1 million, for a total project cost at April 30, 2016 of $24.4 million.

(8)

Costs paid in prior fiscal years totaled $2.1 million. Additional costs incurred in fiscal year 2016 totaled approximately $500,000, for a total project cost at April 30, 2016 of $2.6 million.

 

Fiscal 2015 (May 1, 2014 to April 30, 2015)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

    

Date Placed

    

 

 

    

 

 

    

Development

 

Development Projects Placed in Service (1)

 

in Service

 

Land

 

Building

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multifamily

 

 

 

 

 

 

 

 

 

 

 

 

44 unit - Dakota Commons - Williston, ND(2)

 

2014-07-15

 

$
823

 

$
9,596

 

$
10,419

 

130 unit - Red 20 - Minneapolis, MN(3)

 

2014-11-21

 

 
1,900

 

 
26,412

 

 
28,312

 

233 unit - Commons at Southgate - Minot, ND(4)

 

2014-12-09

 

 
3,691

 

 
31,351

 

 
35,042

 

64 unit - Cypress Court II - St. Cloud, MN(5)

 

2015-01-01

 

 
447

 

 
6,320

 

 
6,767

 

165 unit - Arcata - Golden Valley, MN(6)

 

2015-01-01

 

 
2,088

 

 
29,640

 

 
31,728

 

 

 

 

 

 
8,949

 

 
103,319

 

 
112,268

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

4,998 sq ft Minot Southgate Wells Fargo Bank - Minot, ND(7)

 

2014-11-10

 

 
992

 

 
2,193

 

 
3,185

 

202,807 sq ft Roseville 3075 Long Lake Road - Roseville, MN

 

2015-02-02

 

 

 —

 

 
9,036

 

 
9,036

 

 

 

 

 

 
992

 

 
11,229

 

 
12,221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Development Projects Placed in Service

 

 

 

$
9,941

 

$
114,548

 

$
124,489

 

 

(1)

Development projects that are placed in service in phases are excluded from this table until the entire project has been placed in service. See Note 6 for additional information on the Renaissance Heights project, which was partially placed in service during the fiscal year 2014 and the twelve months ended April 30, 2015.

(2)

Costs paid in prior fiscal years totaled $8.1 million. Additional costs paid in fiscal year 2015 totaled $2.3 million, for a total project cost at April 30, 2015 of $10.4 million.

(3)

Costs paid in prior fiscal years totaled $12.2 million. Additional costs paid in fiscal year 2015 totaled $16.1 million, for a total project cost at April 30, 2015 of $28.3 million. The project is owned by a joint venture entity in which we have an approximately 58.6% interest. The joint venture is consolidated in our financial statements.

(4)

Costs paid in prior fiscal years totaled $26.5 million, respectively. Additional costs paid in fiscal year 2015 totaled $8.1 million, for a total project cost at April 30, 2015 of $35.0 million. The project is owned by a joint venture entity in which we had an approximately 52.9% interest at April 30, 2015. The joint venture is consolidated in our financial statements.

(5)

Costs paid in prior fiscal years totaled $1.2 million. Additional costs paid in fiscal year 2015 totaled $5.5 million, for a total project cost at April 30, 2015 of $6.8 million. The project is owned by a joint venture entity in which we have an approximately 86.1% interest. The joint venture is consolidated in our financial statements.

(6)

Costs paid in prior fiscal years totaled $11.3 million, respectively. Additional costs paid in fiscal year 2015 totaled $19.1 million, for a total project cost at April 30, 2015 of $31.7 million.

(7)

Costs paid in fiscal year 2015 totaled $3.2 million, including land acquired in fiscal year 2013.

 

Schedule of Dispositions

The fiscal year 2016 and 2015 dispositions are detailed below.

 

Fiscal 2016 (May 1, 2015 to April 30, 2016) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

    

Date

    

 

 

    

Book Value

    

 

 

 

Dispositions

 

Disposed

 

Sales Price

 

and Sales Cost

 

Gain/(Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multifamily

 

 

 

 

 

 

 

 

 

 

 

 

391 unit - St. Cloud Student Housing Portfolio - St. Cloud, MN

 

2016-03-24

 

$
5,615

 

 
5,647

 

 
(32)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare

 

 

 

 

 

 

 

 

 

 

 

 

61,758 sq ft Nebraska Orthopaedic Hospital - Omaha, NE

 

2016-04-01

 

 
24,494

 

 
16,512

 

 
7,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

117,144 sq ft Thresher Square – Minneapolis, MN

 

2015-05-18

 

 
7,000

 

 
7,175

 

 
(175)

 

2,549,222 sq ft Office Sale Portfolio(1)

 

2015-08-03

 

 
250,000

 

 
231,908

 

 
18,092

 

420,216 sq ft Mendota Office Center Portfolio – Mendota Heights, MN(2)

 

2015-08-12

 

 
40,000

 

 
41,574

 

 
(1,574)

 

1,027,208 sq ft Retail Sale Portfolio(3)

 

2015-09-30

 

 
78,960

 

 
72,000

 

 
6,960

 

48,700 sq ft Eden Prairie 6101 Blue Circle Drive – Eden Prairie, MN

 

2015-10-19

 

 
2,900

 

 
2,928

 

 
(28)

 

8,526 sq ft Burnsville I Strip Center – Burnsville, MN

 

2015-12-23

 

 
1,300

 

 
913

 

 
387

 

4,800 sq ft Pine City C-Store – Pine City, MN

 

2016-01-08

 

 
300

 

 
355

 

 
(55)

 

11,003 sq ft Minot Plaza – Minot, ND

 

2016-01-19

 

 
1,854

 

 
393

 

 
1,461

 

937,518 sq ft 9-Building Office Portfolio(4)(5)

 

2016-01-29

 

 
122,610

(5)  

 
86,154

(5)  

 
36,456

(5)

3,702 sq ft Arrowhead First International Bank - Minot, ND

 

2016-04-06

 

 
1,675

 

 
1,255

 

 
420

 

 

 

 

 

 
506,599

 

 
444,655

 

 
61,944

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unimproved Land

 

 

 

 

 

 

 

 

 

 

 

 

River Falls Unimproved Land - River Falls, WI

 

2016-04-06

 

 
20

 

 
21

 

 
(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Property Dispositions

 

 

 

$
536,728

 

$
466,835

 

$
69,893

 

 

(1)

The properties included in this portfolio disposition are: 610 Business Center, 7800 West Brown Deer Road, Ameritrade, Barry Pointe Office Park, Benton Business Park, Brenwood, Brook Valley I, Crosstown Centre, Golden Hills Office Center, Granite Corporate Center, Great Plains, Highlands Ranch I, Highlands Ranch II, Interlachen Corporate Center, Intertech Building, Minnesota National Bank, Northpark Corporate Center, Omaha 10802 Farnam Dr, Plaza VII, Plymouth 5095 Nathan Lane, Prairie Oak Business Center, Rapid City 900 Concourse Drive, Spring Valley IV, Spring Valley V, Spring Valley X, Spring Valley XI, Superior Office Building, TCA Building & vacant land, Three Paramount Plaza, UHC Office, US Bank Financial Center, Wells Fargo Center, West River Business Park and Westgate.

(2)

The properties included in this portfolio disposition are: Mendota Office Center I, Mendota Office Center II, Mendota Office Center III, Mendota Office Center IV and American Corporate Center.

(3)

The properties included in this portfolio disposition are: Champlin South Pond, Chan West Village, Duluth 4615 Grand, Duluth Denfeld Retail, Forest Lake Auto, Forest Lake Westlake Center, Grand Forks Medpark Mall, Jamestown Buffalo Mall, Jamestown Business Center, Lakeville Strip Center, Monticello C Store & vacant land, Omaha Barnes & Noble, Pine City Evergreen Square, Rochester Maplewood Square and St. Cloud Westgate.

(4)

The properties included in this portfolio disposition are: Corporate Center West, Farnam Executive Center, Flagship Corporate Center, Gateway Corporate Center, Miracle Hills One, Pacific Hills, Riverport, Timberlands, and Woodlands Plaza IV.

(5)

On January 29, 2016, we transferred ownership of nine properties to the mortgage lender on a $122.6 million non-recourse loan and removed the debt obligation and accrued interest from our balance sheet. The properties had an estimated fair value of $89.3 million on the transfer date. Upon completion of this transfer, we recognized a gain on extinguishment of debt of $36.5 million, representing the difference between the loan and accrued interest payable extinguished over the carrying value of the properties, cash, accounts payable and accounts receivable transferred as of the transfer date and related closing costs.

 

Fiscal 2015 (May 1, 2014 to April 30, 2015)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

    

Date

    

 

    

Book Value

    

 

 

 

Dispositions

 

Disposed

 

Sales Price

 

and Sales Cost

 

Gain/(Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multifamily

 

 

 

 

 

 

 

 

 

 

 

 

83 unit - Lancaster - St. Cloud, MN

 

2014-09-22

 

$
4,451

 

$
3,033

 

$
1,418

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare

 

 

 

 

 

 

 

 

 

 

 

 

45,222 sq ft Jamestown Medical Office Building - Jamestown, ND

 

2015-02-05

 

 
12,819

 

 
8,710

 

 
4,109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

73,338 sq ft Dewey Hill - Edina, MN

 

2014-05-19

 

 
3,100

 

 
3,124

 

 
(24)

 

198,600 sq ft Eagan 2785 & 2795 - Eagan, MN

 

2014-07-15

 

 
3,600

 

 
5,393

 

 
(1,793)

 

25,644 sq ft Weston Retail - Weston, WI

 

2014-07-28

 

 

 —

 

 
1,176

 

 
(1,176)

 

74,568 sq ft Wirth Corporate Center - Golden Valley, MN

 

2014-08-29

 

 
4,525

 

 
4,695

 

 
(170)

 

52,000 sq ft Kalispell Retail - Kalispell, MT

 

2014-10-15

 

 
1,230

 

 
1,229

 

 
1

 

34,226 sq ft Fargo Express Center & SC Pad - Fargo, ND

 

2014-11-18

 

 
2,843

 

 
2,211

 

 
632

 

79,297 sq ft Northgate I – Maple Grove, MN

 

2014-12-01

 

 
7,200

 

 
6,881

 

 
319

 

45,222 sq ft Jamestown Medical Office Building - Jamestown, MN

 

2015-02-05

 

 
12,819

 

 
8,710

 

 
4,109

 

14,820 sq ft Weston Walgreens – Weston, WI

 

2015-02-27

 

 
5,177

 

 
2,152

 

 
3,025

 

26,000 sq ft Northgate II - Maple Grove, MN

 

2015-03-02

 

 
2,725

 

 
1,727

 

 
998

 

45,019 sq ft Burnsville Bluffs II -  Burnsville, MN

 

2015-03-25

 

 
1,245

 

 
2,245

 

 
(1,000)

 

26,186 sq ft Plymouth I - Plymouth, MN

 

2015-03-25

 

 
1,985

 

 
1,492

 

 
493

 

26,186 sq ft Plymouth II - Plymouth, MN

 

2015-03-25

 

 
1,625

 

 
1,356

 

 
269

 

26,186 sq ft Plymouth III - Plymouth, MN

 

2015-03-25

 

 
2,500

 

 
1,977

 

 
523

 

126,936 sq ft Plymouth IV & V - Plymouth, MN

 

2015-03-25

 

 
12,910

 

 
11,706

 

 
1,204

 

58,300 sq ft Southeast Tech Center - Eagan, MN

 

2015-03-25

 

 
3,300

 

 
4,196

 

 
(896)

 

61,138 sq ft Whitewater Plaza - Minnetonka, MN

 

2015-03-25

 

 
3,035

 

 
4,625

 

 
(1,590)

 

13,374 sq ft 2030 Cliff Road - Eagan, MN

 

2015-04-21

 

 
950

 

 
834

 

 
116

 

 

 

 

 

 
70,769

 

 
65,729

 

 
5,040

 

Unimproved Land

 

 

 

 

 

 

 

 

 

 

 

 

Kalispell Unimproved - Kalispell, MT

 

2014-10-15

 

 
670

 

 
670

 

 

 —

 

Weston – Weston, WI

 

2015-02-17

 

 
158

 

 
158

 

 

 —

 

 

 

 

 

 
828

 

 
828

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Property Dispositions

 

 

 

$
88,867

 

$
78,300

 

$
10,567