Becovic Acquires 232-unit Milwaukee Multifamily Portfolio at Marquette University In Joint-Venture for $16.15 Million
(June 11, 2021) MILWAUKEE/CHICAGO — Becovic acquires 14 properties comprising 232 multifamily units within a one-mile radius of Marquette University in Milwaukee, Wisconsin for $16.15 million. Taylor Grant with Park Equities represented the seller, Wiegand Enterprises LLC, in the transaction.
“This portfolio acquisition is a historic moment for Becovic,” said Sal Becovic, President of Becovic. “As a vertically integrated real estate company, our management arm and newly formed syndication arm both celebrate firsts with this deal.”
The stabilized portfolio includes units ranging from studios to four-bedroom apartments.
“This acquisition represents the natural evolution of Becovic in leveraging the successful multifamily platform it has built in over the past 48 years, and working with select programmatic partners that have a shared vision as we expand,” said Zio Pekovic, a Principal in the joint-venture . “We look forward to expanding our presence in Milwaukee and other select markets throughout the Midwest.”
Milwaukee Portfolio Properties:
- 805-11 N. 22nd St.
- 833 N. 21st St.
- 825 N. 22nd St
- 2125 W. Kilbourn Ave.
- 853 N. 21st St.
- 819-21 N. 21st St.
- 2128-30 W. Wells St.
- 2103 & 2113 W. Kilbourn Ave.
- 2112 W. Wells St.
- 2435 W. Wisconsin Ave.
- 2217 W. Wisconsin Ave.
- 2311 W Wisconsin Ave.
- 2335 W Wisconsin Ave.
- 2807 W. Michigan St.
Since 1973, the Becovic family has invested in multifamily properties throughout the northside of Chicago. The Becovic portfolio today has over 2,000 apartment units spanning numerous Chicago neighborhoods and in Milwaukee, Wisconsin. As long-term owners with a hyper-local pulse on each community’s values, needs and dreams, Becovic is dedicated to fostering diversity, integrity, beauty and vitality in the neighborhoods where they own and manage. This is achieved through continuously investing in their buildings and improving residents’ homes and lives. Learn more about Becovic at www.Becovic.com.