Rafter Apartments

Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the offering of Rafter Apartments (the “Property”), an ultra-luxury, 283-home multi-housing community rising 26 stories in the heart of the vibrant Northeast Minneapolis. Constructed with a true best-in-class profile, the property’s design, amenities, and components set a benchmark for today’s luxury living.

Rafter benefits from its central location in one of the preferred urban submarkets in the Twin Cities. Residents of Northeast enjoy immediate proximity to lively restaurants and bars, distinct boutique shopping, and direct access to prestigious downtown and greater Twin Cities employment. This sought-after neighborhood is popular among high-earners and young professionals, with the largest tranche of its population being ages 25-34. The demand for Northeast living is underscored by its population growth and preferred demographics, boasting 57% population growth over the past decade and an average income of $130,000. Investors are presented with an opportunity to achieve substantial pricing power by leveraging this demand with the city’s impending supply cliff.

Distinguished as an award-winning asset, Rafter has received notable recognition from NAIOP MN, The MN Real Estate Journal, Design Build Institute of America-Upper Midwest Region, and Finance & Commerce’s Top Project Award. The property was crafted with insurmountable attention to detail which is palpable through its expansive amenity spaces and custom residences. This fully union-built apartment tower stands alone as the only 100% type-1 product in the Northeast neighborhood and is impossible to replicate at today’s replacement cost levels. All inquiries regarding this asset should be directed to Jones Lang LaSalle Americas.