Sale arranged for luxury Edina apartment community

MINNEAPOLIS, Jan. 9, 2026 –  JLL Capital Markets announced today that it has secured the sale of The Eddi at Pentagon Village, a luxury multifamily community in Edina, Minnesota.

JLL represented the seller, Rise Modular & Soloman Real Estate Group. Oaks Properties acquired the asset.

The Eddi at Pentagon Village, located at 4911 W 77th St., is strategically positioned within the Pentagon Village development at the intersection of Highway 100 and 77th Street. The property offers residents immediate access to Centennial Lakes, the Galleria and the France Avenue Corridor, with proximity to major employment drivers including United Healthcare, Best Buy, US Bank and Minnesota Health Fairview Hospital.

Edina continues to be one of the Twin Cities' most coveted submarkets with exceptional demographics, featuring average household incomes of $200,476 and a highly educated population of 53,261. The community has experienced 11.07 percent population growth since 2010, attracting professionals and executives to its nationally recognized school district and upscale amenities. The area maintains its reputation as the region's most desirable address, with average single-family home values of $833,658 and strong market fundamentals supporting continued investment.

The Eddi at Pentagon Village is a premium Class A apartment community completed in 2023, comprised of 202 luxury homes across studios, one- and two-bedroom floor plans with an average unit size of 753 square feet. The Eddi is the largest wood-frame modular apartment building in Minnesota, with 205 modules manufactured off-site by Rise Modular and stacked atop a site-built concrete parking and amenity podium. Residences feature high-end finishes including wood and gray cabinetry, quartz countertops, stainless steel Frigidaire appliances and in-unit Whirlpool washers and dryers. Community amenities include a 24-hour fitness center, swimming pool, resident clubroom, co-working spaces, dog spa and outdoor fire pits.

JLL Capital Market’s Investment Sales and Advisory team was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack Graveline.

"The Eddi represents a premier asset in one of Minnesota's most sought-after submarkets," Talberg stated. "Edina's outstanding demographics and supply-constrained fundamentals create exceptional long-term value creation opportunities for multifamily investors."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

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. 

Rise Modular is a Minneapolis-based volumetric modular manufacturer and real estate development firm founded in 2018. Rise is revolutionizing wood-frame construction by providing faster, more affordable, higher quality, and environmentally friendly multifamily and hospitality products via off-site manufacturing. Rise Modular is led by entrepreneurs, developers, and modular industry veterans with a vast range of real estate, construction and manufacturing experience.

Solomon Real Estate Group is a full-service acquisition, development and asset management company creating long term value for investors.  Solomon is focused on real estate development and acquisitions in the areas of commercial and retail properties along with multifamily housing and senior housing properties.  The Solomon team curates uniquely tailored projects regardless of location, size or scope.  Each project is specially designed to meet the needs of a given market ultimately driving value and enhancing the community.  Solomon is an integrated development and management company that combines capital structure, operations expertise and financial acumen to optimize execution of business and community projects.

Founded in 1970, Oaks Properties LLC is a family company engaged in the development, ownership and management of multifamily rental communities in Minnesota, Missouri and Texas. Oak’s mission is to rent superior apartment homes in great neighborhoods The Eddi acquisition, to be rebranded as Oaks Pentagon Village, joins their four other Edina communities, totalling approximately 700 apartment homes. Oaks is pleased to share and steward the Pentagon Village redevelopment vision.