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Denver-based REIT sells Minneapolis apartment buildings with lakeside views

The 332-unit Beach Club Residences sells for $103.25 million
Air Communities sold the Beach Club Residences located at 2900 Thomas Ave. S. in Minneapolis to RPM for $103.25 million, or $310,994 per unit. (CoStar)
Air Communities sold the Beach Club Residences located at 2900 Thomas Ave. S. in Minneapolis to RPM for $103.25 million, or $310,994 per unit. (CoStar)
By Corey Gibson
CoStar Research
August 18, 2025 | 2:26 P.M.

A Denver-based real estate investment trust has sold a two-building apartment complex with lakeside views in Minneapolis to a property management firm based in Austin, Texas.

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