The Berkman

14-story, 350-unit, multifamily mid-rise tower on 2.8 acres in Rochester, MN, adjacent to the primary hospital in the Mayo Clinic Health System, with the largest ICU in the nation. Alatus sold this building in 2022 for a record setting $187.6M ($536k/unit), the largest amount ever paid for a single multifamily property. The property features 275 apartment units and 75 short stay units, providing a superior guest and resident experience. The property features state of the art amenities, including commercial grade athletic quarters, remote working suites, pet spa, pet run, golf simulator, entertainment lounges, outdoor entertainment deck with pool, 24-7 security, and more.

The name, The Berkman, is a tribute to Daisy Berkman, the wife of Dr. Henry Stanley Plummer, a legendary Mayo Clinic doctor in the first half of the 20th century. Daisy went above and beyond to care for others; she opened her home to all while sharing her love of cooking, gardening, traveling and playing piano.

• Achieved LEED silver certification
• Building included 23,400 SF of ground floor retail, part of which was leased to Red Cow
• 543-stall structured parking ramp served both residents and the adjacent hospital
• https://www.bizjournals.com/twincities/news/2022/04/12/187-million-rochester-apartment-deal-likely-larges.html