Northmarq closes $19.8 million sale of Milwaukee apartment community

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 at 4602 S. 20th St. in Milwaukee.

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.

The property was built in 1969 and features spacious two- and three-bedroom units averaging 1,000 square feet…

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