89-unit luxury apartment community marks LouMin’s first Minnesota investment in one of the state’s fastest-growing suburban markets
Shakopee, Minnesota — LouMin Holdings continues its strategic expansion across the Midwest with the December 2024 acquisition of The DECO, an 89-unit luxury apartment community in downtown Shakopee, Minnesota. This milestone marks the firm’s first investment in the Twin Cities metropolitan area and demonstrates LouMin’s commitment to identifying high-quality assets in dynamic growth markets.
Bringing Art Deco Elegance to Suburban Minnesota
The DECO stands out in Shakopee’s evolving downtown landscape. Built in 2021 on the historic site of the city’s original 1883 City Hall, the five-story mixed-use building honors Shakopee’s heritage while delivering modern luxury living. The property’s 132,532 square feet house thoughtfully designed alcove, one-, and two-bedroom apartments that blend style with functionality.
“The DECO sits in the heart of Shakopee, one of Minnesota’s fastest-growing suburbs and just 30 minutes from downtown Minneapolis, MSP Airport, and the Mall of America,” said the LouMin team. “We’re thrilled to be part of Shakopee’s story and look forward to building deeper connections in the neighborhood.”
Luxury Living with Downtown Convenience
Each residence at The DECO reflects attention to detail and quality finishes:
- 9-foot ceilings creating an open, spacious atmosphere
- Private balconies for enjoying Minnesota’s beautiful seasons
- Walk-in closets providing ample storage
- Designer kitchens featuring tile backsplash, quartz countertops, and stainless steel appliances
- Wood-inspired flooring throughout living spaces
- In-unit washer and dryer for ultimate convenience
The building’s amenities cater to modern lifestyles while fostering community connection:
- Rooftop sun deck with fire pit and grilling stations—perfect for Minnesota summer evenings
- 24-hour fitness studio for residents prioritizing wellness
- Complimentary espresso bar in the welcoming lobby
- Expansive clubroom for resident gatherings and events
- Pet washing station for four-legged residents
- Bike storage and workstation supporting active commuting
- Heated underground parking providing winter weather protection
At street level, Mana Brewing brings the community together with craft beer and brick oven pizza, making The DECO a true neighborhood destination.
Why Shakopee? Why Now?
Shakopee’s transformation from small town to thriving Twin Cities suburb makes it one of Minnesota’s most compelling real estate markets. The city has experienced 28% population growth since 2010, driven by employment opportunities, quality schools, and an enviable balance of urban amenities and outdoor recreation.
The DECO’s downtown location places residents within Shakopee’s newly approved Social District—one of only two in Minnesota—where vibrant public spaces and walkable retail create an engaging urban experience. Residents can stroll to restaurants, boutiques, and entertainment venues, enjoying the connectivity typically found in much larger cities.
Strong Market Fundamentals Drive Confidence
Several factors make Shakopee an attractive market for multifamily investment:
Limited New Supply: With no new apartment construction currently underway in Shakopee, The DECO meets demand for quality housing without facing immediate competitive pressure from new developments.
Employment Growth: Shakopee’s diversified economy includes major employers like Amazon, Rahr Malting, and Canterbury Park, providing employment stability across multiple sectors.
Strategic Location: Positioned along Highway 169 and just minutes from I-494, Shakopee offers seamless access to Minneapolis, Bloomington, and the entire southwestern Twin Cities metro.
Entertainment Hub: Beyond everyday conveniences, residents enjoy proximity to Valleyfair amusement park, Mystic Lake Casino, Canterbury Park (with a planned 19,000-seat amphitheater), and the renowned Minnesota Renaissance Festival.
Outdoor Recreation: The Minnesota River Valley provides miles of trails, parks, and natural spaces for hiking, biking, and enjoying the outdoors.
Top-Tier Rent Performance in a Growth Market
Shakopee’s multifamily fundamentals remain strong, with consistent rent growth reflecting the market’s appeal to renters. The combination of quality employment, limited new supply, and lifestyle amenities creates an environment where well-maintained properties like The DECO can deliver stable, long-term performance.
“Shakopee’s strong economic growth and top-tier rent performance have made it a draw for new residents,” LouMin noted. “The DECO stands out as a rare opportunity to meet the demand for quality housing in a thriving community.”
A Partnership Approach to Success
The DECO acquisition was supported by institutional financing including a Fannie Mae loan and completed through a rapid equity raise that closed in just days—a testament to investor confidence in both the asset and LouMin’s investment thesis. Professional management by Sail Management ensures residents receive exceptional service while the property maintains its competitive edge in the market.
Building Connections in the Twin Cities
For LouMin Holdings, The DECO represents more than a financial investment—it’s an entry point into the Twin Cities multifamily market and an opportunity to establish deep roots in a community on the rise. As Shakopee continues evolving into a destination suburb, The DECO will play a central role in providing the quality housing that attracts and retains residents.
“We’re excited to bring our operational expertise and resident-focused approach to Minnesota,” the team shared. “The DECO gives us the platform to deliver value while contributing to Shakopee’s continued success.”
The Midwest Expansion Continues
The DECO acquisition follows LouMin’s successful entry into the St. Louis market with The Sullivan earlier in 2024. Together, these properties demonstrate the firm’s strategy of targeting recently constructed, high-quality assets in Midwest markets with compelling growth fundamentals and limited new supply.
As LouMin Holdings builds its portfolio across the broader Midwest, properties like The DECO showcase the firm’s ability to identify opportunities where strong demographics, quality assets, and operational excellence converge to create long-term value.
Learn More About DECO
Read more about the DECO acquisition on these publishers:
About LouMin Holdings
LouMin Holdings is a multifamily real estate investment firm focused on acquiring, operating, and enhancing high-quality apartment communities across the broader Midwest. Founded with a commitment to disciplined underwriting and operational excellence, LouMin targets Class A and value-add properties in markets with strong population growth, income stability, and resilient rental demand.
