The 1910 on Water apartment complex is just one of several properties Wauwatosa-based Wangard Partners Inc. has decided to sell as it reinvests in some of its newer projects. The 68-unit building near downtown Milwaukee was recently acquired by San Francisco investor FPA Multifamily LLC for $11.85 million.
It was developed by Wangard around 2012, said chief executive officer Stu Wangard. The firm will continue managing the property for FPA.
Wangard said the property had garnered significant interest before it was officially on the market. Matson Holbrook and Patrick Gallagher of CBRE’s Milwaukee office brokered the deal.
Address: 1910 N. Water St., Milwaukee
Buyer: FLT 1910 Water Street LLC (FTA Multifamily affiliate)
Seller: 1910 North Water Street LLC (Wangard Partners affiliate)
Sale price: $11.85 million