Sale of a core apartment asset in St. Paul, Minnesota

MINNEAPOLIS, March 18, 2026 –  JLL Capital Markets announced today the sale of The Hill Apartments, a 162-unit luxury apartment community located in St. Paul's historic Cathedral Hill neighborhood.

JLL represented the seller, Wolverton Capital.

The Hill represents a rare, 100% union-built property in a core, urban Twin Cities submarket. This award-winning asset offers residents best-in-class living with its premium home finishes and modern, luxury amenities, ideally capturing the lifestyle-oriented environment of Cathedral Hill; a charming and historic, walkable neighborhood at the heart of St. Paul.

St. Paul remains a stable market with some of the Twin Cities’ strongest fundamentals. As the state’s capital city, St. Paul provides robust employment drivers, enhanced by government, healthcare and education industries while the city’s supply constraint of new rental housing positions The Hill for ongoing growth and absorption. Specifically, The Hill is the only modern apartment community at scale delivered to the Cathedral Hill neighborhood, benefitting from significant barriers to entry.

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

"The asset's quality coupled with its prime location in Cathedral Hill makes it an exceptional investment opportunity in the St. Paul market. We're seeing tremendous demand for core multifamily assets in the Twin Cities, a market that boasts some of the strongest fundamentals in the country," said Talberg.
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.

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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 113,000 as of December 31, 2025. 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.