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1234 Lorem Ipsum Avenue | Glenview, IL 60025
PROPERTY TITLE
The Opportunity
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ROBUST NORTH SHORE DEMOGRAPHICS
Average Household Income: $XXXXXX (within 1 mile)
Median Home Value: $XXXXXX (within 1 mile)
White Collar Workers: XX%
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Highest Job Growth of ALL Chicago Submarkets: XX%
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PROPERTY HIGHLIGHTS
PROPERTY SUMMary
XXXX SF
XXX
XXXXXX SF
XX Acres
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XXX Spaces
Average Unit Size:
Number of Units:
XXXX
Year Completed:
Total Rentable Area:
Site Size:
Building Type:
Stories:
Parking:
1234 Lorem Ipsum Avenue | Glenview, IL 60025
1234 Lorem Ipsum Avenue | Glenview, IL 60025
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
CONTACT Us
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PETE EVANS
INVESTMENT SALES
MORTGAGE BANKING
Senior Managing Director
pete.evans@berkadia.com
847.226.0836
MICHAEL SLOVITT
Managing Director
michael.slovitt@berkadia.com
312.636.5322
RICHARD EVANS
Senior Director
richard.evans@berkadia.com
773.991.3321
Property Highlight 1
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PHOTO GALLERY
PROPERTY TITLE
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*select units
INTERIOR FEATURES
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COMMUNITY FEATURES
AMENITIES
PROPERTY TITLE
DOWNLOAD FLYER
DOCUMENT CENTER
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
CONTACT Us
BACK TO TOP
PETE EVANS
INVESTMENT SALES
Senior Managing Director
pete.evans@berkadia.com
847.226.0836
RICHARD EVANS
Senior Director
richard.evans@berkadia.com
773.991.3321
745 SF
278
207,080 SF
Total - 21.36 Acres
M&R Development
Average Unit Size:
Number of Units:
3700 S. Lake Drive, St. Francis, WI
Site Address:
Total Rentable Area:
Site Size:
Sponsor:
ST. FRANCIS | WISCONSIN
SITE OVERVIEW
#1 Highest Occupancy in the Midwest: 95.1% (Q1 2024, YoY — 50 Largest Markets)
#4 Highest Occupancy in the U.S. (Q1 2024, YoY — 50 Largest Markets)
#3 Hottest Rental Market of 2023 (Basis: Occupancy, Rent Growth, + Lease Renewal Rates)
Cost of Living: 13% Lower Than U.S. Average
Microsoft’s $3.3 Billion 1,345-Acre AI Data Center Campus Coming to Mount Pleasant beginning in 2026 (10-Year Project)
Ongoing Corporate Expansion: Fiserv’s addition of 800 jobs at its new Downtown Headquarters +
Milwaukee Tool will create 1,000 more jobs by 2027
#3 Best Big City in the U.S. — Conde Nast, 2023
Top 5: World’s Best Cities for Travel — National Geographic, 2023
#16 Best Place for Young Professionals — Forbes, 2023-2024
#17 Most Educated City in the U.S. — Yahoo! Finance, 2023-2024
MILWAUKEE METRO: POWER METRICS
• Strong Submarket Rent Growth Projected: 3.4% (Q1 2025) / 3.9% (Q3 2025)
(CoStar, Q1 2024)
• Units Under Construction: -15.5% (May 2024 YoY)
• Excellent Rent Wallet Share (24.7%) is #2 Lowest of All 10 Milwaukee Submarkets and Significantly Lower Than Home Owning Wallet Share (38.3%)
• Deep Renter Pool: 53% of Population Living in Multifamily (within 5 miles)
• Renters Stay Put Here: 7.84 Years — Average Renter Residency (1 mile)
• 9.4% Population Growth: Projected for 2024-2029 (1/4 mile)
• 12.8% Household Population Growth: Projected for 2024-2029 (1/4 mile)
• Average Household Income: $88,353 (3 miles)
• 70% White Collar Workers
• Median Home Value: $249,085 (1 mile)
• $1.4 Billion Consumer Spending (5 miles)
• #6 Suburb with Lowest Cost of Living in Milwaukee County
• #16 Best Suburb for Young Professionals in Wisconsin
ROBUST RENT PROFILE AND STRONG DEMOGRAPHICS
POWER METRICS @ THE BLUFFS ON LAKE AND SOUTH MILWAUKEE
Berkadia Institutional Solutions is pleased to present an exclusive opportunity to invest alongside Chicago-based M&R Development and Atlanta-based Campbell Capital Group (“Sponsor”) in the development of The Bluffs on Lake in St. Francis in Milwaukee County, Wisconsin.
The Bluffs will be the second development by M&R Development and Campbell Capital Group to be located along this magnificent stretch of Lake Michigan shoreline. The first, 42 Hundred on the Lake, is located approximately one mile south of The Bluffs’ site. 42 Hundred on the Lake is a 236-unit luxury multifamily property that began leasing in April 2021 and stabilized at 96.2% occupancy in March 2022. This absorption rate of 21 units per month was achieved at rent levels that exceeded all original projections. The Bluffs will build upon 42 Hundred’s success while differentiating itself within the dynamic Milwaukee market. The Bluffs will be M&R’s third and Campbell’s seventh luxury multifamily development in Milwaukee, extending a run of success in this market that began in 2016.
Every aspect of The Bluffs is intelligently-designed and curated to maximize the resident living experience. From its lakefront site, to its thoughtful floor plans, to its abundance of indoor and outdoor amenity spaces, The Bluffs is tailored to fully capture and satisfy the daily needs of the modern renter.
OVERVIEW
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St. Francis | Wisconsin
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THE bluffs on lake
the bluffs
on lakE
St. Francis | Wisconsin
THE OPPORTUNITY
Opportunity
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• Best-In-Class with True Luxury: Superlative Amenity Package, 9’ Ceilings, Quartz/Granite, Private Balconies, Plank Flooring, Walk-In Closets, Smart Thermostats, and more
• Mid-Rise Multifamily Meets Elevated Bluffs Site = Optimal Views
• Significant Undersupply of Luxury Quality Apartments to Serve Increasingly Strong Demand
• Utility-Ready: Site Has All Necessary Utilities Available
• Strategic Unit Mix Plan: Predominant % of One-Bedroom Units Serve Highest Renter Demand
HIGHLIGHTS