Northmarq Secures $20M Sale, Financing for Milwaukee Apartments
Northmarq’s Midwest Multifamily Investment Sales team of Alex Malzone, Parker Stewart, Dominic Martinez and Jake Lamb arranged the $19.8 million sale of Lofts at Layton, a 150-unit garden-style apartment community located at 4602 S. 20th Street in Milwaukee, Wisconsin.
Northmarq represented the seller, a small group of local investors. Northmarq’s Debt + Equity team, led by Brett Hood, secured financing for the buyer, Bender Companies. “Lofts at Layton is a great opportunity for Bender to expand its presence in Milwaukee, which has been achieving some of the highest rent growth in the country in 2025,” said Malzone. The property was built in 1969 and features two- and three-bedroom units.
Lofts at Layton has undergone nearly $5 million in capital improvements since 2022, including interior renovations, balcony replacements and upgraded amenities. The property benefits from its proximity to Milwaukee Mitchell International Airport, the Mitchell Interchange, and major employers, including GE Healthcare, Aurora Health Care, and FedEx.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout