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Chicago & Midwest  + Midwest  + Apartments  |  February 19, 2026
Jasmine Kilman
By: Jasmine Kilman

Berkadia Negotiates Sale, $69M Financing for Wisconsin Multifamily Properties

Berkadia announced the sale of Cobblestone Creek and Fountain Ridge, two multifamily properties located in Pleasant Prairie, Wisconsin.

Senior Managing Director Pete Evans of Berkadia Chicago and Senior Director Richard Evans of Berkadia Milwaukee led the transaction on behalf of the seller. “The significant recent and expanding investments from ULINE, Lilly, Haribo, Microsoft, retail, and the healthcare sector have created one of the strongest economic growth corridors and stable tax bases in the country,” said Evans.

Senior Managing Directors Laura Cathlina and Chris Blechschmidt and Senior Director Emily Stang of Berkadia Chicago arranged $69.042 million in acquisition financing through Freddie Mac on behalf of the buyer, Illinois-based Santefort Real Estate Group.

Cobblestone Creek, available for the first time, is a four-building, 164-unit value-add multifamily community located at 9300 Prairie Ridge Blvd. Fountain Ridge, also available for the first time, is a 13-building, 262-unit, value-add multifamily community located at 8929 83rd Street.

Join us on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL, for the Connect Midwest Multifamily Trends conference. 

Read More News Stories About: Berkadia
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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