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 …
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.
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.
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.
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.
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 …
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, …
COLUMBUS, OHIO — Affinius Capital LLC has originated a $73.4 million loan to finance the development of Rockpointe at Quarry Trails, a 486-unit project in Columbus. Thrive Cos. — a locally based developer, owner and operator — was the borrower. The community will offer units with walk-in closets, granite countertops, vinyl plank flooring, ceramic tile bathroom floors, stainless steel appliances and washers and dryers. Amenities will include a community kitchen, gaming areas, coworking facilities, a pool and cabanas. Rockpointe at Quarry Trails will comprise the fourth phase of the Quarry …
INDIANAPOLIS — The Annex Group has hired Todd Sears as Chief Operating Officer (COO). In this role, Sears will lead the development, construction and property management teams within the Indianapolis-based company. Sears has more than three decades of experience in real estate and finance leadership. He also serves as an adjunct faculty member of Butler University’s Lacy School of Business. CJ Lukaart, who previously served as COO, will also transition to become Chief Legal and Administrative Officer. He will lead the company’s legal, HR, IT and marketing teams.
GOLDEN VALLEY, MINN. — Chaska, Minnesota-based The Goodman Group has bought The Liberty, a 242-unit asset in Golden Valley, roughly seven miles west of Minneapolis. An entity related to the Schachtman family sold the property for $59.5 million. Abe Roberts of Marcus and Marcus & Millichap’s Minneapolis office represented the seller and procured the buyer. Completed in 2017, The Liberty offers 55 townhomes and 187 apartments. Units range from 568 square feet to 1,536 square feet and include full size washers and dryers, stainless-steel appliances and balconies. The community also …