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Mary Bujold, president of Maxfield Research Group, said that BNL is unique, and the company was wise to bring something unique to the market. She’s also confident Brunsfield won’t be the only international developer to invest in the Twin Cities.
“They want to diversify their portfolios outside of their own countries,” she said. “And the United States offers strong fundamentals, policies and laws around real estate.”
A recent report from the National Multifamily Housing Council said Minneapolis was the nation’s second-best metro area for rental development, bested only by New York.
Jim Buchta • 612-673-7376