Large Transactions

Prairie Park
$10,840,764
Units: 96

Prairie Park is a signature, older-adult tax credit property with a superior occupancy history in a prime location on Madison’s affluent west side. The building offers a business, activity and fitness center. The property offers a variety of floor plans, and each unit features an in-unit washer/dryer, central heat and air conditioning, an open-kitchen concept complete with a full appliance package, a patio or balcony and large bedrooms and bathrooms. With the growing demographic of senior renters, the property is poised for future rent growth.  Current in-place 
monthly rents are $7,400 below current maximum allowable tax credit rent levels.  The Property is offered subject to a Land Use Restriction Agreement (LURA) that expires on December 31, 2032.

Closed

Golden Plover
$13,750,000
Units: 244

Golden Plover is a 244-unit apartment property built from 1982 to 2009 on about 21.8 acres of land in southwest Plover (Stevens Point).  The property is south of State Highway 54 and west of US Business 51.  The property is comprised of thirty-nine 2-story buildings covering thirty-seven adjacent parcels of land. The property features a mix of one, two, and three bedroom units, and over 208,000 rentable sqaure footage in total. 200 apartments feature detached garages and 44 units feature attached garage parking.

Closed

Villa West
$6,800,000
Units: 170

Villa West is a 170-unit Elderly Section 8 apartment community located in the City of Green Bay, WI. The property is comprised of 10 two-story buildings, one community center and office, and one free-standing maintenance facility. Villa West is comprised of 1 Bedroom/1 Bath units that feature a refrigerator, range/oven, window coverings, storage closets, and on-site parking, all located on an expansive 7.5-acre site.

Closed

Hanover Square
$6,801,155
Units: 65

Hanover Square is a 65-unit apartment community developed in 2001-2002 on roughly 4.17 acres of land on the east side of Madison, Wisconsin.  The property is comprised of one 3-story building with 33 units and underground parking (2461 Old Camden Square), and three townhouse-style buildings totaling 32 units, each equipped with a private attached garage. The unit mix is spread across one, two, and three bedroom floor plans. Apartment occupancy has been an exemplary 98.5% since 2012.

Closed

Silvernail
$5,825,000
Units: 128

Silvernail is an exclusive offering of 128 apartments, with an additional 2 office tenants, located in the booming downtown corridor of La Crosse, Wisconsin. There is ample outdoor parking totaling 181 outdoor stalls. Rents are among the lowest in the La Crosse submarket, and offer an exceptional value which has led to superior current and historic occupancies.  Offered at a 7.5% cap rate, Silvernail offers the next investors 15% initial cash returns or more.

Closed

Rock Bay Harbor
$5,200,000
Units: 97

Rock Bay Harbor is a 97-unit apartment building Beloit, Wisconsin.  The property is comprised of one three-story property, along with ample outdoor parking and a gazebo.  Each apartment is furnished with a patio or balcony, and full kitchen. The property also features heated underground parking stalls, an on-site office, community room with full kitchen, and on-site 
laundry. Rock Bay Harbor is a well-maintained property designated for seniors with a superior the growing demographic of senior renters, the property is poised for future rent growth and strong occupancies for investors.

Closed

Arcade on the Lake
$4,300,000
Units: 79

Arcade on the Lake is an attractive offering of 75 renovated apartment units and 4 commercial suites located in downtown Racine, Wisconsin.  Tenants pay the electricity and a portion of their forced heat and air-conditioning (via in-unit electric blowers). The property boasts spacious one-of-a-kind floor plans, full kitchen appliance packages and central air conditioning.  The current owners have steadily reinvested in capital improvements over the trailing 4 years.

Closed

Big Sky Manor & 

High Point Manor
$8,800,000
Units: 115

Big Sky Manor and High Point Manor are two apartment buildings located on S. High Point Road, just south of Mineral Point Road in the heart of Madison’s affluent west side.  Big Sky Manor is a 79-Unit apartment property built in 1986 with underground parking for 40 vehicles. High Point Manor is a 36-Unit apartment property built in 1985 with underground parking for 18 vehicles.  Big Sky Manor and High Point Manor are high-quality apartments in an absolutely prime location.

Closed

City Hall Square

$12,250,000

Units: 139

City Hall Square is a landmark property located on the Milwaukee River with 135 apartments, 4 commercial suites, and 149 garage parking stalls.  This signature asset was renovated intoapartments in 1995-1997 at a project cost of $17.5 million through the LIHTC program, and offers the new owner immediate cash returns of 10.6% with true rent upside potential.  Offered Free and Clear!

Closed

Brighton Square

$6,600,000

Units: 122

Brighton Square is a 122-unit apartment community located across from Novation Campus, a $100 million office development. The property features extensive improvements and updates such as renovated kitchens and newer roofs. Brighton Square offers investors the opportunity to purchase a highly-visible property at well below replacement cost.

Closed

Nakoma Heights

$7,200,000

Units: 144

Nakoma Heights is a 144-unit property in the city of Fitchburg with in-place rents that are far below the market and the allowable maximum levels. Landlord pays heat, hot water, and water/sewer. The building was built in 1969 (renovated in 2002/2008) and features a community clubhouse, outdoor pool, and separate office and ample outdoor parking.

Closed

Featured Closings

$6,800,000

170-unit Apartment

Green Bay

$6,801,155

65-unit Apartment

Madison

$4,300,000

79-unit Apartment

Racine

 2011 - 2018

Dean Realty Group, Inc. 

1667 Capital Avenue, Madison, Wisconsin 53705