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Feb 16, 2022

Northland Expands into the Rochester, Minnesota Market with Acquisition of SoRoc on Maine

Premier multifamily owner and operator furthers national growth with fifth acquisition of 2022


ROCHESTER, MN (February 16, 2022) — Northland announced its entrance into the Rochester, Minnesota market with the acquisition of SoRoc on Maine, a 186-unit garden-style community. The property spans 6.82 acres and consists of three, three-story residential buildings offering studio, one-, two-, and three-bedroom homes complete with underground parking.


Located along the Broadway Avenue corridor, SoRoc on Maine boasts an expansive variety of indoor and outdoor amenities. A spacious central green and pond provides residents with a vast open space inclusive of a large pool and hot tub deck, a bocce ball court and more. Connected to the pool is the stand-alone clubhouse, which offers rentable event space complete with entertainment options such as a pool table, shuffleboard, high top bar, coffee bar, and commercial kitchen. Unrivaled apartment interiors give residents a choice of unique floorplans and color schemes, all featuring high ceilings, quartz kitchen counters, stainless-steel appliances, side by side washers and dryers, dual basin undermount sinks, and chrome plumbing fixtures.


“Rochester is medium size city with two of the best anchor employers in the country, IBM and Mayo Clinic. In SoRoc, we have secured the highest quality suburban apartment community in the city, and with rents still highly affordable at below 20% of median household income,” said Mike Campbell, Associate Vice President of Acquisitions. “And with a shovel ready second phase, Northland has the exciting opportunity to bring 200 more apartments to the Rochester market and to execute on our expanding development capability.”


Residents of SoRoc on Maine are provided shuttle access to the Mayo Clinic headquarters in downtown Rochester. The world-renowned medical center has fueled the city’s growth with continued support from the state of Minnesota. The “Destination Medical Center” is a robust 20-year $5.6 billion economic development public-private initiative. In addition, global technology giant IBM’s combined three million square feet of office and data center space are nearby and have transformed Rochester into a bustling innovation hub. The Southern Rochester area also boasts major retailers, fast-casual dining, and hotel options.


Northland owns and operates a diversified multifamily portfolio that includes more than 26,000 units across the U.S. These acquisitions add to Northland’s portfolio of long-term markets within New England, Austin, and Southwestern and Southeastern United States.