Seth Gellis Of Community Preservation Partners Acquires 120-Unit Multifamily In Beloit, WI For $8M

Community Preservation Partners (CPP) has acquired Woodside Terrace, an affordable housing community located at 2255 Burton Street in Beloit, WI. The multifamily property consists of 120 units, with 116 units designated as Section 8. The transaction took place on January 19, 2024, and the sale price was $8,000,000, resulting in a per unit price of $66,667.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Address: 2255 Burton Street, Beloit, WI
• Market: Beloit, WI
• Buyer: Seth Gellis - Community Preservation Partners

Community Preservation Partners (CPP), represented by Seth Gellis from their organization, completed the acquisition of Woodside Terrace. Seth Gellis, acting on behalf of Community Preservation Partners, facilitated the transaction, ensuring the preservation of affordable housing in Beloit, WI.