Gindi Equities expands portfolio with acquisition of Amber Crossing Apartments

Fargo, ND Gindi Equities has officially completed the acquisition of Amber Crossing Apartment Homes, a multifamily community situated at 5170 Amber Valley Pkwy. S. The purchase, made from Property Resources Group, signals Gindi’s third investment in the local market.

Gindi’s strategic plan for Amber Crossing includes comprehensive interior refurbishments, such as updating kitchen and bathroom features, as well as revamping common spaces and outdoor amenities.

“Acquiring Amber Crossing provides us with a unique opportunity to implement strategic enhancements that will enrich the living experience for all residents,” expressed Al Gindi, president and co-founder of Gindi Equities. “This transaction signifies a significant progression in our ongoing growth strategy and underscores our dedication to expanding our presence in the vibrant Fargo market.”

In November, Gindi acquired Timber Creek Apartments, consisting of 252 units from Property Resources Group, as part of their focused expansion strategy.

The recent acquisitions align with Gindi‘s overarching vision to identify lucrative opportunities in thriving markets across the United States. By positioning Amber Crossing, Osgood, and Timber Creek as top-tier housing options in Fargo, Gindi aims to solidify its presence in the area and deliver superior residential offerings.

Constructed in 2002, Amber Crossing features 117 apartments ranging from one- to three-bedrooms, each equipped with various convenient amenities, such as a fitness center, community room, elevator, double stall garages, utilities included in rent (including wi-fi), in-unit washer & dryer, private balconies & patios, and walk-in closets.

Located off I-29 and in close proximity to parks, schools, dining, and shopping destinations, Amber Crossing offers residents a living experience. With an economy driven by tech, agriculture, and healthcare sectors, Fargo is recognized as a hub for innovation and opportunity, hosting esteemed companies like Microsoft.