Northmarq secures $31M sale of 186-unit garden-style multifamily community in Sheboygan, WI
Photo source: Harmoniq Residential
SHEBOYGAN, Wis. — Northmarq’s Midwest Investment Sales team led by Alex Malzone, Jake Lamb, Parker Stewart and Dominic Martinez, brokered the $31 million sale of Harbor Estates, a 186-unit garden-style multifamily community located at 3849 Heather Valley Rd. in Sheboygan, Wisconsin, north of Milwaukee.
Northmarq represented the seller, a partnership between Harmoniq Residential and Midloch Investment Partners.
"We continue to see strong demand for well-located early-2000s product across the Midwest,” said Lamb. “Harbor Estates offered investors proven value-add upside in a strong Wisconsin market, coupled with attractive in-place agency debt.”
Built in 2002, Harbor Estates offers a mix of one-, two- and three-bedroom apartment homes featuring spacious floor plans, walk-in closets, modern appliances and in-unit laundry. Community amenities include a clubhouse, fitness center, putting green, underground parking and a resort-style swimming pool.
Strategically positioned within eastern Wisconsin's multifamily market, Harbor Estates provides residents with convenient access to Lake Michigan, major employers, retail, dining and entertainment destinations. Coupled with its rich amenity offering and well-maintained housing stock, the community remains well positioned to attract residents and support long-term investment performance.
The property's proximity to highly rated schools and recreational amenities further enhances its appeal to renters seeking a balance of convenience and quality of life.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
