Updated Oct 29, 2024
Banner Real Estate Group Acquires Statesman Apartments In Franklin, WI For $43.5M
2950 West Statesman Way Franklin, Wisconsin 53132, USA
$43,500,000
Units
180
Asset Type
MultiFamily
Closing
Jul 14, 2023
About this deal
AI
An affiliate of Banner Real Estate Group has acquired the 180-unit Statesman Apartments in Franklin, Wisconsin for $43.5 million. The property, located at 2950 West Statesman Way, offers one- and two-bedroom units with various amenities such as washers and dryers, dishwashers, hardwood floors, walk-in closets, and patios or balconies. The market where this transaction took place is Franklin, WI.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $43,500,000
- Address: 2950 West Statesman Way
- Market: Franklin, WI
- Units: 180
- Price Per Unit (PPU): $241,667
An affiliate of Banner Real Estate Group acted as the buyer in this transaction, while the seller was Zilber Residential Group.
On the Map
$43,500,000
MultiFamily
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Players
Franklin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93