JLL Capital Markets negotiated 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.
