JVM Realty Corp Acquires Mayfair Reserve Multifamily In Wauwatosa For $53.5 Million

The property involved in this transaction is a 236-unit apartment community located at 11011 West North Avenue in Wauwatosa, WI. The asset was sold for $53.5 million, which equates to a price per unit of $226,695. Built in 2017, Mayfair Reserve features luxury unit finishes and resort-style amenities. It will be integrated into JVM Realty Corp's Midwest property management portfolio, which now encompasses a total of 22 communities.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $53,500,000
• Buyer: JVM Realty Corp
• Seller: Atlantic Residential
• Units: 236
• Price Per Unit: $226,695
• Address: 11011 West North Avenue, Wauwatosa, WI
• Market: Wauwatosa, WI

JVM Realty Corp acquired the property from Atlantic Residential, marking an expansion of its portfolio in the Midwest. The integration into JVM's management portfolio highlights the company's strategic growth approach in managing luxury apartment communities.