Medicine Lake Apartments
1300 West Medicine Lake Drive, Plymouth, MN, 55441, US
81 Unités de mesure
Description
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
...
Caractéristiques de l'actif
Nombre d'unités
169
Lits
195
SF/Unit
492
Occupation
95 %
Année de construction
2020
Média
Points clés d'investissement
- "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
Contacter l'équipe
HERE Minneapolis (0 actifs)
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
5 mai 2026
