Today, Greenstone Partners announces the sale of 3755 N. Brookfield Road, a stabilized 56-unit multifamily property located in Brookfield, Wisconsin. Greenstone Partners’ Senior Director Jordan Multack represented the buyer, Breneman Capital, and seller, Mandel Group, Inc.

 

“Brookfield, a suburb of Milwaukee, is an appealing multifamily investment market with great schools, an active downtown and access to all major retailers. We were able to procure an exceptionally strong offer, from an accredited, repeat buyer of ours, who has strong roots in the Wisconsin suburban markets,” said Multack. “This deal exemplifies a win-win—a well-positioned acquisition for Breneman Capital and a successful development and exit for the sellers.”

 

“It was a pleasure working with Jordan Multack and the Greenstone Partners team again,” said Drew Breneman, Founder & CEO of Breneman Capital. “We’d like to thank Mandel Group as well as everyone involved for a successful transaction. We’re excited to build our presence in the Milwaukee market.”

 

The property was developed by Mandel Group, Inc. and completed in 2015. “PrairieWalk has enjoyed high occupancy throughout its ownership period,” commented Jason Babcock, Senior VP of Mandel Group. Babcock further indicated that the timing of the sale was opportunistic and yielded a highly favorable outcome for the investors.

 

PrairieWalk is a two-building multifamily property that features one-bedroom, one-bathroom units and two-bedroom, two-bathroom units. In-home amenities include nine-foot ceilings, in-unit washer and dryer, open concept floor plans, and luxury kitchens. Building wide amenities include community rooms, outdoor grills, pet stations and walkability to daily needs.

 

“In addition to the finishes and amenities, the property has an exceptional location in the heart of Sendik’s Towne Centre, that offers the perfect blend of convenience, culture, and high-end amenities,” said Multack. “Within the Towne Centre customers can find Sendik’s-a local high end grocery store, local retailers, cafés and fitness studios.”