Breneman Capital Purchases PrairieWalk at Towne Centre

Breneman Capital purchased PrairieWalk at Towne Centre in an off-market transaction.

Greenstone Partners brokered the sale of 3755 N. Brookfield Road, a stabilized 56-unit multifamily property in Brookfield, Wisconsin.

Greenstone Partners’ Senior Director Jordan Multack represented the buyer, Breneman Capital, and seller, Mandel Group, Inc.

The property was developed by Mandel Group, Inc. and completed in 2015. “PrairieWalk has enjoyed high occupancy throughout its ownership period,” commented Jason Babcock, Senior VP of Mandel Group. Babcock further indicated that the timing of the sale was opportunistic and yielded a highly favorable outcome for the investors.

PrairieWalk is a two-building multifamily property that features one-bedroom, one-bathroom units and two-bedroom, two-bathroom units. In-home amenities include nine-foot ceilings, in-unit washer and dryer, open concept floor plans, and luxury kitchens. Building wide amenities include community rooms, outdoor grills, pet stations and walkability to daily needs.