Brian Dohmen Of Altitude Capital Partners Acquires 206-Unit Apartment Community In Madison For $37.2M

The property involved in this transaction is a multifamily asset located at 10 South Paterson Street in Madison, Wisconsin. The asset, known as Bakers Place, consists of 206 units, with a price per unit of $180,583. The total sale price for the property was $37,200,000. The seller, Neutral, had previously utilized $73.8 million in construction debt for the development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,200,000
• Units: 206
• Price Per Unit: $180,583
• Buyer: Brian Dohmen - Altitude Capital Partners
• Seller: Neutral

The transaction was facilitated by Brian Dohmen representing Altitude Capital Partners. The deal highlights the financing dynamics, as Neutral had used significant construction debt prior to the sale. This acquisition continues to reflect the strategic interests of Altitude Capital Partners in the Madison market.