Turner Impact Capital, a leading real estate investment firm dedicated to social impact, has acquired B-Side Apartments, a 147-unit, transit-oriented multi-housing community in Minneapolis, on behalf of its fund, Turner Multifamily Impact Fund III.
JLL represented the seller, Saturday Properties, and procured the buyer.
Completed in 2021 as the second phase of the L&H Station master development, B-Side Apartments offers studio, one- and two-bedroom units, averaging 509 square feet each. Units feature stainless-steel appliances, quartz countertops, in-home washers and dryers, white oak flooring, private balconies, and large walk-in closets. The 97 percent-leased, six-story community offers amenities, including a rooftop deck with bar and grilling area, shared work space, a private conference room, fitness center with Wellbeats on Demand, and underground resident parking.
B-Side Apartments is located on a half-acre site at 3027 22nd Ave S in South Minneapolisâ
