Insights > Deals
Roundhouse acquires 270 Hennepin in Minneapolis
6 November 2026 | Asset acquisition | US | 346 units | Operational
Roundhouse has bought the purpose‑built rental tower in downtown Minneapolis.
Key details
Asset type | Operational |
Location | Minneapolis, US |
Capacity | 346 units |
Buyer | Roundhouse |
Seller 1 | Diamond Realty Investments |
Seller 2 | Harlem Irving Companies |
Value | Undisclosed |
Source: Roundhouse
The 21‑storey property was completed in 2021 and was 95% leased at the time of the announcement.
JLL arranged a seven‑year acquisition facility through Freddie Mac.
Strategic context
Roundhouse entered the Minneapolis market with its 2025 purchase of Rafter, a 283‑unit rental tower, and has also acquired Second + Second in the North Loop. The latest acquisition adds another established rental property near its existing operations, expanding its local portfolio without taking on construction risk.
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