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Marcus & Millichap Brokers Sale of 160-Unit Multifamily Property in Wisconsin

Marcus & Millichap announced the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha, Wisconsin.

“Orchard Courts Apartments attracted strong investor interest due to its combination of stable operations, recent capital improvements and future development potential,” said Jake Lenti, associate director of investments. “The property includes approximately 20 acres of developable land adjacent to the University of Wisconsin–Parkside and is positioned in a market benefiting from major employment growth driven by companies such as Eli Lilly, Microsoft and Uline.”

Lenti, Ryan D. Engle and Andrean Angelov, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors. Orchard Courts Apartments, located at 985 Wood Road, is a 160-unit community situated on 34.2 acres, approximately 20 acres of which are available for potential future development.

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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.