Sale and financing arranged for 270 Hennepin in Minneapolis

• JLL’s Capital Markets group arranged the sale and financing for 270 Hennepin in Minneapolis

• Roundhouse purchased the asset from a partnership between Diamond Realty Investments and Harlem Irving Companies

• Freddie Mac provided the seven-year acquisition loan for the buyer

MINNEAPOLIS, Nov. 6, 2026 –  JLL Capital Markets announced today that it has arranged the sale and financing of 270 Hennepin, a newly constructed, 346-unit multi-housing community in Minneapolis, Minnesota.

JLL represented the seller, a partnership between Diamond Realty Investments and Harlem Irving Companies, in the sale of the asset to Roundhouse. JLL also worked on behalf of Roundhouse to secure the seven-year acquisition loan through Freddie Mac.

The transaction represents one of the largest multi-housing trades in the Twin Cities in over two years and underscores sustained investor conviction in the North Loop's exceptional fundamentals.

Delivered in 2021, 270 Hennepin is a 21-story tower immediately adjacent to the Four Seasons, Whole Foods and RBC Gateway, a mixed-use building home to the U.S. headquarters of RBC Wealth Management. The 95%-leased property spans 271,115 rentable square feet across 43 unique floor plans, including studio through three-bedroom layouts and 38 top-floor residences, with an average home size of 784 square feet. The 0.97-acre site also includes 20,075 square feet of ground-level commercial space 100% leased to Puttery, an immersive mini-golf and entertainment concept.

270 Hennepin offers an amenity package, including an indoor pool on the 19th floor, an expansive fitness center and yoga studio, a work-from-home lounge, a private dog run, rooftop patios and terraces, and heated underground parking across four levels.

The property's North Loop location provides residents with a 96 Walk Score®, 93 Transit Score®, and 95 Bike Score®, along with proximity to over 216,000 downtown jobs and five Fortune 500 company headquarters; Target, U.S. Bancorp, Xcel Energy, Ameriprise and Thrivent Financial, within a five-minute walk. The neighborhood features more than 70 unique food and drink destinations, 17 exclusive-to-market retailers, and direct access to the Minneapolis Skyway System, the longest continuous skyway network in the world.

Minneapolis-St. Paul continues to rank among the nation's most attractive multi-housing investment markets. The MSA recorded 95% average occupancy through Q2 of 2026, with the projected expansion rate through 2029 to fall to 1.2% of the existing inventory. The Twin Cities was ranked as the #1 most sought-after market for apartment hunters in the summer of 2026 by RentCafe and the #5 state Americans moved to in 2025, reflecting the region's affordability and economic strength relative to coastal peers.

JLL's Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack Graveline.

“270 Hennepin is an irreplaceable asset in one of the country’s most supply-constrained submarkets, at a time when Minneapolis fundamentals are clearly strengthening,” said Talberg. “Demand is growing, downtown employers are returning to the core, and the North Loop, adjacent to the Gateway District, sits at the center of the city’s vibrancy. With nothing slated to break ground through 2027, Roundhouse acquired a trophy asset with exceptional insulation from new supply.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of September 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Diamond Realty Investments is a national leader in the investment and development of multifamily, student housing, medical office and industrial and data center real estate. Specializing in joint venture partnerships, Diamond Realty has invested in more than 200 properties, with total acquisition and development costs exceeding $12.6 billion.

Harlem Irving Companies, Inc. (also known as “HIC”) is a dynamic organization proudly celebrating over 70 years of success. Its thriving establishment continues to distinguish itself as a leading developer of award-winning retail, residential, commercial, institutional and mixed-use properties in Chicagoland and beyond. Harlem Irving Companies maintains an unwavering commitment to excellence, which has been the hallmark of Harlem Irving Companies since its inception.

Roundhouse, founded in 2008, is a fully integrated developer, owner and operator of multifamily housing with a portfolio of more than 12,000 units and approximately $2 billion under management across the Western United States. With a focus on the resident experience, Roundhouse provides high-quality housing options in high-growth markets across six states and offers comprehensive expertise across the investment, design, construction, and property management disciplines.