Oak Hills Manor
820 Civic Heights Dr Circle Pines / Minnesota

Property Details
Description
Location
Highlights
Recent Exit From Affordable Housing Program With Strong Upside
The property has recently exited its affordable housing program, allowing new leases to be set at full market rental rates—creating immediate revenue growth potential. Existing residents with leases signed prior to January 1, 2026 are subjected to 60% AMI rent limits through 2028.
Strong Occupancy
Oak Hills Manor Apartments has historically maintained strong occupancy levels driven by steady demand for senior-oriented housing in the surrounding community. The property’s convenient location near healthcare services, retail amenities, and transportation corridors supports a consistent tenant base and stable rental income.
Strong Submarket Fundamentals
The North Metro submarket has moved beyond its recent wave of new deliveries, with supply moderating and vacancy declining from prior peaks. As absorption stabilizes and future development remains limited, the market is returning to balance. This improving supply-demand dynamic positions well-located assets like Oak Hills Manor to benefit from steady renter demand and long-term suburban growth.

