Roundhouse buys 158-unit North Loop apartments
Boise-based Roundhouse acquired a 158-unit apartment building in Minneapolis’ North Loop for at least $47 million, according to the Minneapolis/St. Paul Business Journal on Dec. 19, 2025. The deal underscores continued investor interest in the North Loop amid strong rent growth.
📌 Key Facts
- Buyer: Roundhouse (based in Boise, Idaho)
- Asset: 158-unit apartment building in Minneapolis’ North Loop
- Price: at least $47 million
- Report date: Dec. 19, 2025
📊 Relevant Data
Twin Cities multifamily rents are projected to grow 3.2% by the end of 2024, driven by low supply and strong demand.
Twin Cities rent growth projected to reach 3.2% amid slowdown — Finance & Commerce
From 2019 to 2023, Minneapolis median rent rose 25.7% to $1,343, which was 3.2 percentage points less than the increase in a comparison group of similar cities.
Unpacking supply and demand in rent trends since the Minneapolis 2040 Plan — Federal Reserve Bank of Minneapolis
In Minnesota, the homeownership rate for White Minnesotans is 77%, compared to 29% for Black Minnesotans.
Racial disparities in Minnesota: The path to equitable homeownership — Minnesota Spokesman-Recorder
Over 50% of Black households in Minneapolis are housing cost-burdened, compared to approximately 33% of White households.
Eliminate disparities — Minneapolis 2040
The median household income for Black residents in Minneapolis is $20,871, compared to $65,000 for White non-Hispanic residents.
Eliminate disparities — Minneapolis 2040
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