HERE Minneapolis

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present HERE Minneapolis ("HERE" or the "Property"), a 169-unit, 195-bed property in Minneapolis' Prospect Park neighborhood adjacent to University of Minnesota's main campus with direct transit access via UM Transitway and Metro Green Line.

MARKET STRENGTHS

• Twin Cities ranks #1 nationally for rental demand (RentCafe)

• Zero new supply in submarket; MSA-wide supply at decade low

• 2026 deliveries projected at 3,000 units (69% below peak)

• Minnesota ranked #5 nationally in net migration (2025)

UNIVERSITY DYNAMICS

• UMN is 5th largest campus by enrollment nationally

• Enrollment grew 5.5% (2023-2025), with 10% first-year increase in 2024

• 40,000+ full-time students vs. only 24,000 purpose-built beds

• No future student housing supply pipeline