CHICAGO, IL – Midloch Investment Partners and its joint-venture partners have acquired three multifamily apartment properties in Wisconsin. The total capitalization of the properties is $71 million.
In Madison, Midloch acquired Country Meadows at 6840 Schroeder Rd. The garden-style apartment community includes 466 units in 23 buildings. Madison is home to the state capital, the University of Wisconsin, and one of the most diverse workforces in the country. This property is located on Madison’s highly desirable West side, with average household incomes of $106,000 within a three-mile radius.
In Sheboygan, Midloch acquired Mendocino Village & The Estates at 3811 Heather Valley Rd. The two garden-style properties have 186 total units. The location is easily accessible to major employers including Kohler and other economic drivers.
“The current market environment is challenging, to be sure, but there are attractive investment opportunities to be realized in the geographies we operate in — generally highly stable secondary markets in the Midwest including the state of Wisconsin,” said Andy Sinclair, CEO and Principal of Midloch Investment Partners. “These new investments have demonstrable value-add upside potential.”
"Midloch and its joint venture partners plan to invest in the properties, including by making energy-efficiency improvements aligned with Midloch's ESG initiatives."
About Midloch Investment Partners: Midloch Investment Partners, with offices in Chicago, Milwaukee and Minneapolis, is a real estate investment firm and fund manager. Midloch focuses on small to middle market joint-venture equity investments, typically in properties valued between $5 million and $50 million. Midloch invests in multifamily, industrial, retail and office properties, partnering with local developers and operators using a value-add strategy.
Midloch seeks individual investors, family offices, joint-venture partners and RIAs to invest alongside the company in Midloch funds or other co-investment vehicles. Investors interested in learning more should visit www.Midloch.com