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Banner Real Estate Group Acquires Statesman Apartments In Franklin, WI For $43.5M

Property Image
SOLD
$43,500,000

Wisconsin

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MultiFamily
Sold 07/14/2023
the dealdetailscomps
Property Image
SOLD

Banner Real Estate Group Acquires Statesman Apartments In Franklin, WI For $43.5M

2950 West Statesman Way Franklin, Wisconsin 53132, USA

See Similar Deals
MultiFamily
Sold 07/14/2023
the dealdetailscomps

Summary

WISCONSIN
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

BG
Banner Real Estate Group
BUYER

Details

SOLD
IMAGE: 07/14/2023 ADDRESS: 2950 West Statesman Way MARKET: Franklin, WI ASSET TYPE: MultiFamily BUYER: Affiliate of Banner Real Estate Group SELLER: Zilber Residential Group SALE PRICE: $43,500,000 UNITS: 180 ~ PPU: $241,667 NOTE: An affiliate of Banner Real Estate Group has acquired the 180-unit Statesman Apartments in Franklin, Wisconsin for $43.5 million. The property, purchased from Zilber Residential Group, offers one- and two-bedroom units with various amenities such as washers and dryers, dishwashers, hardwood floors, walk-in closets, and patios or balconies.

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