MLG Capital acquires three-property multi-housing portfolio in Milwaukee
MLG Capital has announced the acquisition of a three-property, multi-housing portfolio located within the Milwaukee area. The properties include the neighboring Norhardt Crossing and Norhardt Apartments located in the suburb of Brookfield, as well as Trostel Square located just north of downtown Milwaukee in the Brewer’s Hill neighborhood.
JLL worked on behalf of the sellers, affiliates of Inland Private Capital Corporation and procured the buyer. JLL also worked on behalf of the new owner to secure fixed-rate loans through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital.
Built in 2002, Norhardt Crossing is a 139-home apartment and townhome community, while Norhardt Apartments, built in 1974, is a 72-home, low-rise apartment community. Operating as one community, the properties share amenities that include a clubhouse, leasing center and outdoor facilities. Norhardt Crossing, located at 1930 Norhardt Dr., and Norhardt Apartments, located