Medicine Lake Apartments
1300 West Medicine Lake Drive, Plymouth, MN, 55441, US
81 Einheiten
Beschreibung
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
...
Eigenschaften
Anzahl der Einheiten
169
Betten
195
SF/Unit
492
Vermietungsstand
95 %
Baujahr
2020
Medien
Investment-Highlights
- "Access To Everything" Location
- Strong In-Place Performance Couled With Favorable Local Fundamentals
- 7th Largest Power 4 University With No Supply Pipeline
- Operational Upside
- Strong Renter Fundamentals
- 50% Discount to Replacement Cost
Ihre Ansprechpartner
HERE Minneapolis (0 Objekte)
JLL kann Sie bei der Finanzierung und Verwaltung Ihres Portfolios unterstützen. Kontaktieren Sie uns noch heute, damit wir gemeinsam Ihre Ambitionen verwirklichen können.
Zuletzt aktualisiert
29. Apr. 2026
