Inland Closes $27M Capital Raise for Milwaukee MF Development

Inland Venture Partners, LLC (IVP), the private equity real estate arm of Inland Real Estate Investment Corporation, has completed a more than $27 million capital raise for a joint venture multifamily development in Milwaukee. The offering is now closed.

The project was completed through one of Inland’s joint venture partners, Kaeding Development Group, LLC. IVP purchased the land parcel at 245 Harbor Drive in Milwaukee’s Historic Third Ward, and construction of the ground-up Class A multifamily community began in March 2023. Leasing is expected to begin in January 2025. 

The new development will include 261 units consisting of 60 studios, 122 one-bedroom, 66 two-bedroom and 13 three-bedroom luxury apartments in a five-story building situated on three acres. This project marks the fourth investment and second ground-up multifamily development of which Inland Investments has partnered with Kaeding. IVP has 439 multifamily units under development and is operating a 1,227-unit value-add portfolio of manufactured housing communities.

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