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Texas firm acquires apartment building with views of Minneapolis skyline

L&B Realty Advisors buys 124-unit apartment building for $46.25 million
Constructed in 2018, the Borealis is a 175,000-square-foot, mid-rise apartment building located at 721 N. First St. in Minneapolis' Warehouse District. (CoStar)
Constructed in 2018, the Borealis is a 175,000-square-foot, mid-rise apartment building located at 721 N. First St. in Minneapolis' Warehouse District. (CoStar)
By Jack Drewicz
CoStar Research
June 30, 2025 | 7:00 P.M.

L&B Realty Advisors, a Dallas-based institutional investment firm, has acquired a 124-unit apartment building near downtown Minneapolis that offers views of the city's skyline.

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