MLG Capital LLC Sells Douglas Terrace Apartments In Racine WI For $23 Million

The Douglas Terrace Apartments is a multifamily asset located at 3706 Douglas Avenue in Racine, WI. This garden community encompasses a total of 202 units and was sold for $23,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Seller: MLG Capital LLC
• Brokers: Alex Malzone, Parker Stewart, Dominic Martinez & Jake Lamb - NorthMarq
• Mortgage Brokers: Brett Hood & Kevin McCarthy - NorthMarq
• Buyer: Private Illinois-based capital group

NorthMarq facilitated the transaction, representing the seller, MLG Capital LLC, throughout the sale process. The involvement of multiple brokers from NorthMarq highlights the collaborative efforts in executing this transaction successfully.