Coachlight Communities LLC Acquires Milwaukee Multifamily Portfolio From Metropolitan Associates For $29.65M

The transaction involved a multifamily portfolio located at 9100-9106 West Lisbon Avenue, 5166-5174 North Lovers Lane Road, 8517 West Grantosa Drive, and 4903 North 85th Street in Milwaukee, WI. The portfolio consists of four garden-style properties and comprises a total of 358 units, transacting for $29,650,000, resulting in a price per unit of $82,821.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $29,650,000
• Buyer: Coachlight Communities LLC
• Seller: Metropolitan Associates
• Brokers: Sean Beuche, Matson Holbrook, Gretchen Richards & Patrick Gallagher - CBRE
• Total Units: 358
• Price Per Unit: $82,821
• Market: Milwaukee, WI

CBRE acted as the representative for Metropolitan Associates in the sale of the portfolio to Coachlight Communities LLC. The transaction involved attributes such as amenities, including parking, laundry facilities, and patios at the properties.