Investment Overview
Roers Companies is advancing a mixed-income apartment community in Cottage Grove, Minnesota. Following successful land and financial closings, the project is shovel-ready. Positioned as the first development visible upon entering Cottage Grove, the community will anchor a rapidly expanding corridor with strong connectivity to major employment centers across the Twin Cities and Hudson. Robust demographic growth, limited new supply, and exceptionally low vacancy illustrate deep demand for contemporary housing, supported by the area’s strong household incomes. Premium amenities — including work-from-home suites, wellness spaces, and a walking trail with direct park access — align with modern renter expectations and strengthen the project’s market position. Enhanced by TIF financing, the development is well positioned for long-term performance in a highly constrained housing market.
$150,000
ASSET CLASS
Market-Rate Apartments
INVESTMENT TYPE
Equity – Limited Partner
Location
Positioned as the first development visible when entering Cottage Grove, the project will serve as a landmark gateway to the city. Its location places residents within walking distance of new and emerging retail, restaurants, and daily conveniences, while also offering seamless access to major highways connecting to the Twin Cities and Hudson. This combination of visibility, accessibility, and amenity-rich surroundings enhances both resident appeal and long-term asset value.
Increasing Labor Force
Large-scale investments — from advanced manufacturing expansions to the Cottage Grove Business Park — are bringing thousands of new jobs to the area and signaling long-term economic strength. This surge in employment growth continues to drive demand for high-quality rental housing, positioning the project at the center of a thriving and evolving workforce hub.
Mixed Income Appeal
The project’s blend of workforce and market-rate units fills a significant gap in the PMA, where no new workforce housing has been added in recent years despite rising demand. This approach broadens the renter pool, supports community inclusivity, and strengthens absorption — while positioning the asset as one of the few developments able to meet the full spectrum of local housing needs.
Strong Track Record
Roers Cos. has successfully delivered multiple suburban communities utilizing TIF financing to enhance project feasibility and performance. A standout example is Axle Apartments, our first workforce housing development, which opened in 2022 and reached 95% leased at launch — the fastest lease-up in company history. Axle not only filled a critical need for attainable housing but also outperformed its original proforma, culminating in a landmark sale in September 2025. Delivered ahead of schedule and under budget, the project generated returns that far exceeded investor expectations and demonstrated Roers Cos.’ disciplined execution, strong market insight, and ability to deliver strategic, risk-conscious results.
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