L&B Realty Advisors Acquires Dock Street Flats Multifamily In Minneapolis From The Connor Group For $56.5M

The multifamily asset involved in the transaction is Dock Street Flats, located at 337 North Washington Avenue, Minneapolis, MN. This property comprises 185 units and was sold for $56.5 million, equating to a price per unit of $305,405. The building, developed by Hines in 2013, features a five-story structure that includes amenities such as a pool, rooftop deck, and 3,000 square feet of retail space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,500,000
• Number of Units: 185
• Price Per Unit: $305,405
• Buyer: L&B Realty Advisors
• Seller: The Connor Group
• Market: Minneapolis, MN
• Closing Date: 12/17/2025

The deal involved L&B Realty Advisors, based in Dallas, as the buyer, purchasing the property from The Connor Group. The transaction reflects strong activity in the multifamily market, particularly in the North Loop area of Minneapolis.