Apple Creek Acquisition

05/03/2021

Dakota REIT announces the acquisition of 3909 Apple Creek Road located in Bismarck, ND. The 79,200 square foot multi-tenant industrial building is located in an industrial park on the southeast side of Bismarck along I-94 and US Hwy 83. Its location makes it appealing as a regional distribution center. Bismarck-Mandan MSA has experienced a 20% increase in population in the last decade, the unemployment rate stood at only 3.5% as of December 2020 and its economic stability comes from strong government, agriculture, energy, medical, and education sectors. “Dakota REIT’s investment philosophy is focused on industrial, multifamily and grocery-anchored assets in upper Midwest markets where we see growth in population and a diverse economy.” said Matt Pedersen, Executive Vice President. “We are excited to add this property and its tenants to our portfolio.”