Tim Donovan And Andy Sinclair Of Midloch Investment Partners Acquire Malt House Apartments For $19.2M

The Malt House Apartments, located at 1009 West Juneau Avenue, Milwaukee, WI, is a multifamily asset that encompasses 118 units totaling 133,063 square feet. The property was sold for $19,200,000, which reflects a price per unit of $162,711 and a price per square foot of $144.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $19,200,000
• Units: 118
• Square Feet: 133,063
• Price Per Unit: $162,711
• Price Per Square Foot: $144
• Buyer: Tim Donovan & Andy Sinclair - Midloch Investment Partners & Josh Krsnak - Hempel Real Estate
• Seller: Rob Lubin
• Seller's Representative: Brad Smith, Jack Maloney & Anna Lovell - Cushman & Wakefield
• Sale Date: 06/30/2025

The transaction involved a collaborative effort between multiple parties. The buyer group consists of Tim Donovan and Andy Sinclair from Midloch Investment Partners, along with Josh Krsnak from Hempel Real Estate, highlighting a joint venture for the acquisition. The seller, Rob Lubin, was represented by a team from Cushman & Wakefield, which navigated the sale through historic tax credits remaining in the compliance period.