Midloch Investment Partners And Hempel Real Estate Acquire 245-Unit Oscar Apartment Complex For $23.5M

The asset involved in this transaction is the Oscar apartment complex, a multifamily property located at 1436 Green St, Sheboygan, WI. The complex consists of 245 units and is part of the acquisition deal that took place with a loan amount of $23,500,000 at an acquisition loan type.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,500,000
• Loan Date: 10/24/2024
• Lender: Bridgewater Bank of Minneapolis
• Landlord: Midloch Investment Partners & Hempel Real Estate
• Asset Address: 1436 Green St
• Market: Sheboygan, WI
• Units: 245

A venture between Midloch Investment Partners and Hempel Real Estate has acquired a controlling interest in the Oscar apartment complex from Green Street Real Estate Ventures. This transaction underscores the collaboration between the landlords involved in managing the multifamily property in the Sheboygan market.