SUN PRAIRIE AND DEFOREST, WIS. — Berkadia has arranged the sale of a
two-property multifamily portfolio totaling 364 units in suburban
Madison. The sales price was not disclosed. The properties include Van
Buren Place in Sun Prairie and The Park in DeForest. Located at 1351
Okeefee Ave., Van Buren Place is a 164-unit, garden-style community. The
Park, located at 6203 Williamsburg Way, is a newly constructed,
200-unit property. Ralph DePasquale, Parker Stewart and Alex Blagojevich
represented the seller, Wisconsin-based Cascade Development. Weidner
Apartment Homes purchased the portfolio. Clay Akiwenzie, Chris
Blechschmidt and Emily Stang of Berkadia procured acquisition financing
through a life insurance company... ...more | ||
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