The Greenfield Highlands apartments have been sold for $40 million, according to state records.
Greenfield Highlands is a six-building, 180-unit apartment community located along South 110th Street, south of West Cold Spring Road in Greenfield.
The buyers are funds affiliated with Menomonee Falls-based Continental Properties Co. Inc. The seller is an affiliate of Hexagon Inc., which has offices in Denver and Pewaukee.
Neither party immediately responded to requests for comment on the deal.
Construction of Greenfield Highlands started in 2014. The development was originally to offer condominiums, but switched to rental units.
The open-concept apartments range in size from one to two bedrooms, and include private balconies.
Beyond the six residential buildings is an office/clubhouse. Other amenities include a pool and fitness area.