CBRE has arranged the sale of Sunset Ridge, a 144-unit multifamily property in Milwaukee. Rio Realty LLC purchased the property from Weidner Apartment Homes for an undisclosed amount.
CBRE’s Matson Holbrook, Gretchen Richards, Sean Beuche and Patrick Gallagher represented the seller in the transaction. Steve Kundert of CBRE Capital Markets’ Debt and Structured Finance team in Chicago secured the acquisition financing on behalf of the buyer. “We originally sold this asset to Weidner back in 2017 as their first acquisition in Wisconsin and it’s been a privilege to bring the transaction full circle,” said Gallagher.
Sunset Ridge is located at 8183 N. 107th St. in Milwaukee’s Granville neighborhood, offering convenient access to Interstate 41 and U.S. Route 45. The property features a range of one and two bedroom floor plans. “Utilizing our deep lending relationships, CBRE was able to mobilize quickly and secure highly accretive debt capital that was sourced, negotiated, committed and closed within 30 days,” said Kundert.
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