Midwest

Riverwood Apartments
Investment SalesMidwestNewsWisconsin

CBRE Arranges Sale of Two Properties in Wisconsin for $10.1 Million

by Channing Hamilton

MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two multifamily properties totaling 112 units in Mauston and Racine, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is proximate to I-90 and minutes away from Decorah Lake. Built in 1994, the 32-unit property features a mix of one-, two- and three-bedroom floor plans. Biscayne Apartments is located …

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IllinoisInvestment SalesMidwestNews

Woodland Rental Properties Acquires 22 Units in Marion, Illinois

by Channing Hamilton

MARION, ILL. — A division of Woodland Rental Properties LLC, managed by Heartland Realty & Rentals Inc., has acquired 22 recently built apartments situated near downtown Marion, a city located roughly 120 miles southeast of St. Louis, Missouri. The company states that the deal is part of a larger strategic investment. Roman Basi and Jason Powell represented Heartland on an internal basis. The units will be available for leasing as they come online.

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Build-to-RentDevelopmentMidwestNebraskaNews

Stark Enterprises Secures Construction Financing for Build-to-Rent Community in Gretna, Nebraska

by Channing Hamilton

GRETNA, NEB. — Stark Enterprises, in partnership with Stark Living and Arbor Construction, has secured construction financing for Teal Ridge Village, a 244-unit build-to-rent (BTR) project in Gretna, about 22 miles southwest of Omaha, Nebraska. Teal Ridge Village will feature one-, two- and three-bedroom single-level residences on a 43.7-acre site. Each home will offer granite countertops, stainless steel appliances, covered front porches, private patios, walk-in closets and attached two-car garages. Units will also include internet connectivity, cable access and in-unit washer and dryer systems. Residents will have access to amenities …

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Investment SalesMidwestNewsWisconsin

PPR Capital Management Acquires 232-Unit Property in Metro Milwaukee

by Channing Hamilton

BROWN DEER, WIS. — PPR Capital Management has acquired The Villas at Foxwood, a 232-unit townhome-style community in Brown Deer, approximately 11 miles north of Milwaukee. The property traded hands for $38.3 million. The acquisition marks the firm’s first investment in the Milwaukee Metropolitan Statistical Area.  The Villas at Foxwood spans 21 acres. Each residence features a private entrance, attached garage, fireplace and washer and dryer. PPR also plans to upgrade units with stainless steel appliances and new flooring. The investment structure includes a total equity investment of $19.4 million, with …

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Van Dyke Village Townhomes
Investment SalesMidwestMinnesotaNews

Dadder’s Estates Acquires Townhome Community Near St. Paul, Minnesota, for $2.7 Million

by Channing Hamilton

MAPLEWOOD, MINN. — Dadder’s Estates LLC has acquired $2.7 million sale of Van Dyke Village Townhomes, a 20-unit community located at 2191 Van Dyke St. in Maplewood, eight miles northeast of St. Paul, Minnesota. Built in 2004, Van Dyke Village Townhomes is situated on 3.6 acres. The complex offers two- and three-bedroom units with attached garages. Evan Miller, Chris Collins, Eric Wagner and Matthew Shide of Marcus & Millichap represented the seller and original developer, Van Dyke Street Homes LP, in the transaction. Additionally, Miller and Collins procured the buyer.

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FinanceMidwestNewsWisconsin

MMCC Arranges $10.4 Million Loan for Refinancing of Complex in Appleton, Wisconsin

by Channing Hamilton

APPLETON, WIS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.4 million loan for the refinancing of Urbane115 Apartments, a 46-unit complex in Appleton, about 32 miles southwest of Green Bay, Wisconsin. The recently completed community offers a mix of studio to two-bedroom units. Robert Bhat of MMCC arranged agency financing on behalf of the private borrower. The five-year, nonrecourse loan features a 65 percent loan-to-value ratio and an interest rate of 6.1 percent.

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Investment SalesMidwestNewsWisconsin

Marcus & Millichap Arranges $5.8 Million Sale of Wisconsin Portfolio

by Channing Hamilton

ELLSWORTH AND BALDWIN, WIS. — Marcus & Millichap has arranged the $5.8 million sale of a 49-unit portfolio in western Wisconsin. The portfolio includes 25 apartments across five buildings in Ellsworth, 51 miles southeast of Minneapolis, and two buildings with 24 units in Baldwin, 48 miles east of Minneapolis. Scott Anderson of Marcus & Millichap represented the seller and procured the buyer. Both parties were Wisconsin-based investors.

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PrairieWalk
Investment SalesMidwestNewsWisconsin

Mandel Group Sells 56-Unit Property Near Milwaukee

by Channing Hamilton

BROOKFIELD, WIS. — Mandel Group has sold PrairieWalk, a 56-unit community located in Brookfield, roughly 13 miles west of Milwaukee, to Breneman Capital for an undisclosed price. The two-building property features one- and two-bedroom units. Amenities include community rooms, outdoor grills and pet stations. Mandel Group Inc. developed the asset, which was built in 2015. Jordan Multack of Greenstone Partners represented the buyer and the seller in the deal.

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Alto Station Apartments
FinanceMidwestNewsWisconsin

MMCC Secures $10.1 Million Loan for Refinancing of Asset in Eau Claire, Wisconsin

by Channing Hamilton

EAU CLAIRE, WIS. — Marcus & Millichap Capital Corp. (MMCC) has secured a $10.1 million loan for the refinancing of Alto Station Apartments, an 88-unit building in Eau Claire, roughly 93 miles west of Minneapolis. The newly built community, which is located at 325 Main St., is pre-leasing now and is expected to open in 2026, according to the property’s website. The community features a mix of studio to two-bedroom floor plans. Amenities include a fitness center, clubhouse, rooftop terrace and bike storage. Robert Bhat of MMCC arranged the loan …

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Arlington Gateway
DevelopmentIllinoisMidwestNews

Bradford Allen, Moceri+Roszak Top Out 301-Unit Complex in Suburban Chicago

by Channing Hamilton

ARLINGTON HEIGHTS, ILL. — Bradford Allen and Moceri+Roszak have topped out the initial phase of Arlington Gateway, a master-planned community in the northwest Chicago suburb of Arlington Heights. The first phase consists of an eight-story, 301-unit multifamily building with 26,000 square feet of ground-floor retail space. Designed by Thomas Roszak Architecture, the property will offer a mix of studio, one-, two- and three-bedroom floor plans as well as 17,500 square feet of indoor and outdoor amenities. Those include an outdoor pool, fitness center with yoga studio, media rooms, coworking space, …

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