Harper

JLL is pleased to present Harper Apartments – a best-in-class 163-home apartment asset located at the corner of Selby and Snelling in St. Paul’s Union Park neighborhood. Its bustling neighborhood location represents one of the most thriving addresses in the Twin Cities, providing residents with unprecedented walkability to countless locally curated boutiques and neighborhood amenities. This 100% union, podium-built asset was constructed to superb quality standards, featuring stylish and upscale finishes across its wide variety of open and spacious floor plans, plus premium community amenities. The property is being offered for sale, for the very first time ever, at a 30%+ discount to replacement cost in this coveted and high barrier-to-entry submarket.

Harper boasts a vast connectivity network with adjacent access to I-94, making both downtown hubs of the Twin Cities easily accessible within a sub-10-minute drive. The property is also within walkable proximity to three major public transit routes: BRT A and B lines as well as the LRT Green Line. Surrounded by top employment anchored by Fortune 500 companies, capital city government, and premier education, the city presents some of the most resilient fundamentals in the U.S., consistently attracting families and top professionals alike, plus driving A+ area demographics.

Strong, stable, and growing demand is met with a structurally under-supplied pipeline, creating accelerated leasing trend lines at the market and asset level. Harper has maintained an average 94% occupancy rate over the trailing-36 months, with current occupancy exceeding 95%, and is currently generating 4%+ growth on lease trade outs/renewals, alongside above-market retention rates. The best is still yet to come, with an undeniable runway for pricing power, positioning Harper to achieve outsized performance and returns for an asset of its profile.