MINNEAPOLIS, Dec. 19, 2025 –  JLL Capital Markets announced today that it has arranged the sale and financing for Jefferson Square, a 50-unit, 100% HAP townhome community located in Northfield, Minnesota.

JLL worked on behalf of the seller, Dominium Management, and procured the buyer, a mission-first investment firm who specializes in affordable and workforce housing. The buyer plans to invest additional capital to refresh the units and common areas in addition to extending the existing affordability restrictions.

The property spans 5.20 acres and includes nine residential buildings, three parking structures and one administrative building. Community amenities include private garages, a community lounge, picnic space and tot lot, media space and stunning landscaping.

Nestled in the picturesque Cannon River valley along the Interstate 35W corridor, Northfield is recognized by its high quality of life and wealth of employment and economic drivers. The city is also home to two prestigious colleges, Carleton College and St. Olaf College, with more than 5,000 students combined.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Josh Talberg and Director Joseph Peris. The Debt Advisory team was spearheaded by Senior Managing Director C.W. Early.

"Jefferson Square represents a rare 100% HAP opportunity in a quality townhome product within a dynamic Minnesota submarket," said Talberg. "We are excited for the Standard team and the expansion of their footprint within the state.”

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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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. 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^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Founded in 1972, Dominium is a purpose-driven leader in affordable housing, dedicated to addressing the nation’s housing crisis through lasting and impactful solutions. With offices in Atlanta, Dallas, Phoenix, and Minneapolis, Dominium owns, develops, and manages more than 40,000 apartment homes in more than 220 communities nationwide. The company is committed to building enduring value through high-quality, affordable housing that strengthens communities, supports residents and serves the needs of financial partners. Beyond housing, Dominium extends its impact through pro bono development services, charitable contributions, post-secondary scholarships, internships, and volunteer efforts in the communities where its employees live and work. www.Dominiumapartments.com

Standard Communities is an award-winning affordable, workforce and mixed-income housing innovator that operates one of the largest affordable housing portfolios in the country, spanning 21 states and Washington, DC with more than 190 communities and 27,000 units serving over 60,000 residents. Founded in 2008, the company cultivates long-term public and private partnerships to produce and preserve environmentally sustainable housing while focusing on reducing intergenerational poverty and increasing economic mobility. Standard Communities is a Certified B Corporation, making it the first affordable housing company to receive this designation for meeting the highest standards of verified social and environmental performance, public transparency and legal accountability.