Weidner buys downtown Minneapolis apartments for $77M
Weidner Acquisitions purchased a 13-story apartment building in downtown Minneapolis for $77 million and has rebranded the property The Grand Mill District Apartments. The sale, reported Oct. 1, 2025, expands Weidner’s Twin Cities portfolio and follows the building’s recent summer listing.
Business & Economy
Housing
🔍 Key Facts
- Buyer: Weidner (expanding local portfolio)
- Purchase price: $77 million
- Property: 13-story downtown Minneapolis apartment building renamed The Grand Mill District Apartments
📍 Contextual Background
- A Minnesota Attorney General's Office investigation of Havenbrook-managed homes found conditions including no heat, backed-up sewer systems, doors and windows that did not close, mold, and live wild animals.
- Havenbrook once owned more than 600 homes in the Twin Cities (Minneapolis–Saint Paul) region.
- The Minnesota Attorney General's Office sued Havenbrook and secured approximately $2 million in payments to renters plus about $2 million in rent forgiveness as part of a settlement.
- About 345 former Havenbrook homes were transferred to local nonprofits in Minnesota.
- Havenbrook owned about 220 homes in north Minneapolis.
- About 110 of those former Havenbrook homes have been renovated and sold to families for single-family homeownership.
- Minnesota is home to roughly 20,000 federal employees, or about 35,000 if military personnel are included.