Bender Cos Acquires Multifamily Lofts At Layton From MLG Capital For $19.8 Million

The property involved in the transaction is the Lofts at Layton, a multifamily asset located at 4568 South 20th Street in Milwaukee, WI. The sale price for this 150-unit apartment complex was $19,800,000, which reflects a price per unit of $132,000. This sale marks an increase in value from the $14 million sale price recorded in 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,800,000
• Address: 4568 South 20th Street
• Market: Milwaukee, WI
• Units: 150
• Price Per Unit: $132,000
• Buyer: Bender Cos
• Seller: MLG Capital

The transaction was facilitated by an affiliate of MLG Capital, a Brookfield-based company, which sold the property to Bender Cos based in Chicago. The previous ownership was noted to have acquired the complex for a considerably lower price only four years prior.