Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBRE Arranges Sale of Apartment Buildings in Wisconsin
CBRE has arranged the sale of Riverwood Apartments, a fully occupied 32-unit multifamily community in Mauston, Wisconsin. Tripp & Associates acquired the property from Riverwood Apartments, LLC for $3.95 million.
CBRE’s Sean Beuche, Max Colby, Matson Holbrook and Gretchen Richards represented the seller in the transaction. “Mauston has proven to be a compelling market for multifamily investment,” said Beuche. “The growing employment base includes full-service healthcare, manufacturers expanding their operations and significant regional tourism drawn from Wisconsin Dells, which is just 23 minutes away.”
Riverwood Apartments includes four two-story residential buildings on 3.24 acres along the Lemonweir River. Built in 1994, the property offers a mix of one-, two- and three-bedroom floor plans with units ranging from 575 to 1,000 square feet. “Smaller Wisconsin markets like Mauston are where the supply-demand imbalance is most evident,” said Joan Tripicchio, Principal, Tripp & Associates.
Stay ahead of the multifamily market at Connect Apartments. Gain firsthand insights from industry leaders on capital markets, development, operations, financing, and investment trends while expanding your network with the people making deals happen. See you on September 22!
