MOUNT PLEASANT — Berkadia has arranged the sale of and financing for Tivoli Green, a 458-unit luxury community in Mount Pleasant, 27 miles south of Milwaukee. The sales price was not disclosed, but Berkadia described the transaction as “one of the largest single-asset multifamily sales in the state’s history.” Wangard Partners was the seller, and the buyer is Illinois-based Santefort Real Estate Group. Wangard has been retained to provide third-party management services for the community. Pete Evans of Berkadia Chicago and Richard Evans of Berkadia Milwaukee led the transaction on behalf of the seller. Chris Blechschmidt and Emily Stang of Berkadia Chicago arranged the acquisition financing through Freddie Mac. Tivoli Green was delivered in three phases from 2021 to 2024. The 22-building community is located at 9110 Megan’s Way and spans approximately 38 acres.
The 458-unit Tivoli Green in Mount Pleasant, Wis., has traded in what Berkadia is calling “one of the largest single-asset multifamily sales” in Wisconsin history. The sales price has not been disclosed.
Berkadia Arranges Sale of Tivoli Green in Metro Milwaukee
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