Brookfield actual property investor
MLG Capital introduced Thursday that it has bought three Milwaukee space condo complexes with a complete of 310 items.
The three properties had an asking value of $66.3 million, based on advertising and marketing supplies from JLL, which marketed the portfolio. MLG Capital declined to reveal the acquisition value.
The deal included Trostel Sq. residences in Milwaukee’s Brewer’s Hill neighborhood with 99 items, Norhardt Residences in Brookfield with 72 items and Norhardt Crossing, additionally in Brookfield, with 139 items.
The complexes’ mixed 310 residences have been 96% occupied as of March, based on the advertising and marketing supplies.
“We’re excited to make a sizeable funding within the Milwaukee space as we all know first-hand its desirability to dwell in and proceed to see the world draw key employers and sights,” stated Daniel Price, senior vp of MLG Capital.
The three buildings noticed their common rents improve 13% since 2021, the advertising and marketing supplies stated.
Associates of Oak Brook, Illinois-based Inland Actual Property Funding Corp. offered the properties.
