After 2,000 violations, landlord sells properties
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A major Minneapolis property owner who last year lost a court battle with the city has sold his entire portfolio of rental properties, including apartment buildings in Stevens Square, Lyndale and Kingfield.
The 38 rental properties Spiros Zorbalas owned were purchased by Steve Frenz, whose The Apartment Shop property management company operates out of a Whittier neighborhood office. The deal, which includes 752 apartment units and roughly doubles Frenz’s portfolio, was finalized Dec. 18, Frenz said.
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