Overland Reserve
About
Overland Reserve is an 11.5-acre development situated inside the thriving community of Rochester, MN. Just an hour and a half from Minneapolis, Rochester offers residents a peaceful pace and vibrant local life, with the excitement and amenities of the Twin Cities easily within reach. The new development will feature a diverse and balanced unit mix designed to meet strong local demand. Overland Reserve multifamily project is targeted for 94 units composed of studios, 1 bed-, 2 bed-, and 3 bed- floor plans. There will be two development phases, each expected to begin six months apart to allow efficient capital allocation. Each building in the first phase is planned to include 14 units, with one building designed to contain 10 units. The second phase is currently in development. The wellness-…
Highlights
- ✓Lucrative 16.8 - 22.3% Target IRR
- ✓1.77x - 2.09x Target Equity Multiple
- ✓5% - 8% Preferred Return
- ✓20+ Completed Exits
- ✓20+ Years of Development Experience
- ✓$550M+ in Transactions
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Sponsor
Mailbox Money is a vertically integrated multifamily investment and development firm on a mission to solve the affordable housing crisis—without cutting corners or relying on government subsidies. We specialize in creating financially and environmentally sustainable workforce housing in safe, well-located neighborhoods. Founded by industry veterans with decades of combined experience, our team has developed and acquired over 3,000 units and manages a $500M+ real estate portfolio across high-growth secondary and tertiary markets. We’ve built a reputation for blending architectural innovation with disciplined underwriting—delivering high-performing assets that benefit both investors and residents. What sets us apart: we co-invest in every deal, reject bloated institutional inefficiencies, an…
View ProfileThe Market
Rochester, MN
Rochester, Minnesota, is a mid-sized city known globally as the headquarters of the world-renowned Mayo Clinic, making healthcare its economic backbone and a major draw for diverse, international residents. It offers a blend of small-town feel with urban amenities, featuring rolling terrain, extensive trails, a growing arts scene, and outdoor recreation, yet it's car-dependent with typical Midwestern seasons (cold winters, warm summers) and a slightly higher-than-average cost of living, centered around its medical and tech industries.
Common Questions
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