Centra Capital Partners Launches New Real Estate Project in Hugo, Minnesota

Centra Capital Partners announces the opening of its first project, The Meadows at Hugo, seeking financing. Located near Minneapolis, this development offers 87 residential lots in a growing community. With an expected internal profitability of over 17% and a preferred return of 8%, this project aims to deliver considerable value to investors.

Centra CEO Dale Wills highlights the opportunity for investors to realize potential gains in the first two years. Low housing supply in the Twin Cities area, just 1.7 months into January 2024, coupled with growing demand, indicates an ideal time for real estate investment in Minnesota. Centra Capital Partners plans to offer up to six real estate investment opportunities in 2024.

As a new arm of Centra Companies, Centra Capital Partners has a strong track record in real estate construction and development, with more than 1,500 homes built and more than $500 million in project value. The company relies on an efficient operation and a cumulative experience of more than 120 years to deliver superior results to its shareholders.