ACRES Capital Provides $26.3 Million Loan For Acquisition Of Aberdeen Apartments In Madison WI

The property asset involved in this transaction is Aberdeen Apartments, a 12-story student housing development located at 437 West Gorham Street in Madison, WI. The property features a net rentable area of 69,033 square feet and comprises 77 units designed to accommodate 224 beds. Additionally, the property includes two commercial suites, enhancing its utility for student residents.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $26,300,000
• Address: 437 West Gorham Street
• Market: Madison, WI
• Asset Size: 69,033 square feet
• Units: 77
• Lender: ACRES Capital

ACRES Capital LLC is the lender that provided the loan for this acquisition, focusing on the financing aspect of the transaction. This deal is significant as it showcases ACRES Capital's involvement in funding student housing in close proximity to the University of Wisconsin-Madison, indicating a strategic investment in a market with a strong demand for student accommodations.