Fargo and New York (April 9, 2025) – Gindi Equities today announced the acquisition of Amber Valley Apartments, a multifamily community located at 4854 Amber Valley Parkway South in Fargo, North Dakota. This acquisition represents the firm’s fourth Fargo market entry in under 12 months, underscoring its commitment to expanding a portfolio of premier residential assets across high-growth regions.
Gindi acquired Amber Valley from Property Resources Group, which will continue to manage and service the asset. This latest purchase builds on Gindi’s ongoing collaborations with PRG, following prior acquisitions of Timber Creek, Osgood Townsite, and Amber Crossing Apartments.
Constructed in 2001, Amber Valley Apartments comprises 162 units that range from one- to three-bedroom layouts. The community offers in-unit washers and dryers, private balconies or patios, walk-in closets, and utilities—along with high-speed internet—included in the rent. The property further features single and double-stall garages and is situated with immediate access to shopping, dining, parks, and major employment centers.
“Fargo continues to outperform, and Amber Valley fits squarely within our strategy to scale with discipline in markets where we have conviction,” said Al Gindi, President and Co-Founder of Gindi Equities. “This is a well-located asset with meaningful upside, and we’re laser-focused on executing our plan to drive long-term value while deepening our presence in a dynamic market.”
Gindi plans to launch a value-enhancing renovation program at Amber Valley, upgrading both interior spaces and common areas. Planned improvements include updated kitchen and bathroom finishes, refined lighting and plumbing fixtures, shaker-style cabinetry, modern paint schemes, and new stainless-steel appliances – all designed to bring the property in line with contemporary living standards.
The acquisition reinforces Gindi’s long-term strategy of targeting regional markets with robust fundamentals. Fargo, known for its strong population and job growth, continues to thrive thanks to a diverse economy bolstered by healthcare, technology, higher education, and logistics. With prominent employers such as Sanford Health, Microsoft, and North Dakota State University anchoring the area, the market’s steady infrastructure investment and low unemployment rate position it for sustained growth.
About Gindi Equities
Founded in 2020 by Raymond and Al Gindi, Gindi Equities is a New York City-based investment manager specializing in multifamily assets. Backed by G72 Holdings, the family office of Raymond Gindi and family, the firm embodies the family’s commitment to building and managing high-quality specialized teams and strategies, delivering best-in-class execution and superior investment outcomes.
Gindi Equities owns and operates multifamily properties across the Southeast and Midwest, focusing on value-add and core-plus opportunities in markets with robust economic drivers and significant population expansion. The firm’s deep market expertise and disciplined approach continue to drive its strategic growth.
