Northmarq Arranges $23M Sale and $18.265M Acquisition Financing for Douglas Terrace Apartments in Wisconsin

Northmarq’s Chicago Investment Sales team led by Alex Malzone, Parker Stewart, Dominic Martinez and Jake Lamb, in collaboration with its Chicago Debt + Equity team led by Brett Hood and Kevin McCarthy, successfully arranged the sale and acquisition financing of Douglas Terrace Apartments, a 202-unit garden apartment community located at 3706 Douglas Ave. in Racine, Wisconsin.

Northmarq completed the $23 million sale representing the seller, MLG Capital LLC. The buyer was a private capital group from Illinois...   ...more

Leo's notes: transactions like this highlight a key dynamic: existing workforce housing is not only in short supply, but increasingly viewed as a stable, high-performing investment opportunity. While capital flowing into these assets reinforces their value, it also reinforces the urgency for communities to preserve and expand workforce housing inventory so affordability is not eroded as demand — and investor interest — continues to rise.