Berkadia Arranges Sale of Two-Property Multifamily Portfolio in Suburban Madison, Wisconsin
SUN PRAIRIE AND DEFOREST, WIS. — Berkadia has arranged the sale of a two-property multifamily portfolio totaling 364 units in suburban Madison. The sales price was not disclosed. The properties include Van Buren Place in Sun Prairie and The Park in DeForest. Located at 1351 Okeefee Ave., Van Buren Place is a 164-unit, garden-style community. The Park, located at 6203 Williamsburg Way, is a newly constructed, 200-unit property. Ralph DePasquale, Parker Stewart and Alex Blagojevich represented the seller, Wisconsin-based Cascade Development. Weidner Apartment Homes purchased the portfolio. Clay Akiwenzie, Chris Blechschmidt and Emily Stang of Berkadia procured acquisition financing through a life insurance company.