The Brookview Cos. Acquires 268-Unit Multifamily Property In Greenfield WI For $57.7M

The property asset involved in the transaction is Forte at 84South, a multifamily property located at 9125 West Sura Lane in Greenfield, WI. It was acquired for a total price of $57.7 million, comprising 268 units, yielding a price per unit of $215,299. The property, which was built in 2019, spans over 7 acres and offers a range of amenities including a pool, clubhouse, and landscaped terraces with grills.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $57,700,000
• Address: 9125 West Sura Lane
• Market: Greenfield, WI
• Units: 268
• Price Per Unit: $215,299
• Buyer: The Brookview Cos.
• Seller: Fiduciary Real Estate Development Inc.
• Brokers: Alex Malzone, Dominic Martinez, Parker Stewart & Jake Lamb - NorthMarq
• Mortgage Brokers: Brett Hood, Kevin McCarthy, David Link & Cole Boland - NorthMarq

The deal saw The Brookview Cos. purchasing the property from Fiduciary Real Estate Development Inc. with the brokerage and financing services provided by NorthMarq. The involvement of multiple brokers illustrates the collaborative effort in facilitating this significant transaction in the multifamily market.