Minneapolis — The prices were not disclosed.
Doran Cos. has sold four student housing buildings near the University of Minnesota to an institutional investor, according to the Minneapolis Star-Tribune. The prices were not disclosed. University Communities, out of Denver, represented the buyers. The sale involved Sydney Hall, the first of six properties that Doran built or redeveloped near the university five years ago. It also included Dinkydome, a former Bible college that Doran purchased and redeveloped. The other two properties involved in the transaction are 412 Lofts and The Edge on Oak. Doran is currently developing and building the second Mill & Main complex in the Marcy-Holmes neighborhood.