Real Estate

Creating Thriving Communities. One Building at a Time.

CommonBond creates affordable homes and thriving communities through smart real estate decisions and collaboration.

We are renowned for our award-winning acquisition & development and property management expertise. We’ve been in the business of developing homes and community since 1971. As a premier nonprofit developer and manager of affordable housing, we are best positioned to address the critical need for more affordable housing in our region.

From historic preservation to collaborative partnerships with small community- or faith-based organizations, CommonBond has been recognized for excellence in affordable housing development.

Our Acquisition & Development team handles all aspects of the development process including:

  • Site and market analysis
  • Project financing
  • Community outreach and engagement
  • Entitlements
  • Construction management

These are just a few of our many acquisition and development projects:

Sunwood Village

One of the first affordable housing communities in Ramsey

This 47-unit family housing property is part of a major community development effort in Ramsey, Minnesota to bring jobs, expand the regional economy, and provide easy access to parks, trails, shopping, and the Northstar Commuter Rail. It offers a mix of one-, two-, and three-bedroom units. Sunwood Village is reserved for households earning 30% to 60% of the area median income.

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Lexington Commons

Adaptive Reuse/Supportive Housing

Lexington Commons offers 48 efficiency apartments. It’s designed for single adults who meet the state definition of long-term homelessness, and single adults who meet the federal definition of chronic homelessness. An adaptive reuse of a former nursing home built in the 1960s, Lexington Commons was designed to achieve LEED certification.

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Boulder Ridge

Naturally Occurring Affordable Housing (NOAH)

The purchase of Boulder Ridge is the first of many in CommonBond’s deliberate effort to counter the loss of affordable housing options. Boulder Ridge was the first naturally occurring affordable housing (NOAH) acquisition through our CommonBond Housing Opportunity Fund. It provides affordable housing for those with low to moderate incomes.

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The Cooperage

HUD-Subsidized/Urban Redevelopment

The Cooperage is a new construction project in Minneapolis that provides 60 units of housing for seniors ages 62 and older. Conveniently located within ¼ mile of a Central Corridor Light Rail Transit stop, it’s also connected to trails. This is CommonBond’s first project to feature solar panels. It’s also one of the first two mixed-financing HUD 202 projects in Minnesota.

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Brewery Point

New construction

CommonBond developed the first senior community in Milwaukee’s Pabst Brewery redevelopment area, which has become Milwaukee’s newest sustainable historic neighborhood. The redevelopment of the former Pabst Brewery Company includes two major university centers, offices, apartments, a hotel, and restaurants. Brewery Point provides seniors aged 55 and older with affordable homes in the central business district with panoramic views of downtown Milwaukee, in a supportive community setting.

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Glenbrook Apartments

HUD-Subsidized/Urban Redevelopment

CommonBond Communities and Bishop’s Creek CDC collaborated to preserve Glenbrook Apartments, located in a high-priority revitalization area near the former Northridge Mall in Milwaukee, WI. The effort revitalized 72 large apartment homes for families, providing significant investment to modernize and increase long-term sustainability of this important housing resource. As part of the renovation, a new Advantage Center community building was added to provide programs and services that support resident success.

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As long-term owners with strong asset and property management expertise, we are good neighbors and our presence in a community makes a difference. We go beyond effectively managing our properties, too – we provide supportive services to help residents achieve stability and independence, and we build and maintain important relationships with cities, public agencies, faith communities, and community organizations.

We are CommonBond Communities. We are real estate experts. And, because a home is the foundation for everything in life, we use that expertise to create safe homes, strong futures, and vibrant communities.