Nebraska investor buys string of low-income Racine apartment buildings for $24.8 million

Apartments were redeveloped about six years ago by Illinois real estate company 

A Nebraska investor has paid $24.8 million for a portfolio of 18 of low-income apartment complexes on Racine’s west side. (Photo courtesy of Google Street View)

A Nebraska investor has paid $24.8 million for a portfolio of 18 low-income apartment complexes on Racine’s west side. All of the buildings are located within steps from each other on three streets, with the bulk of the properties situated in the 2400, 2500, and 2600, and 2800 blocks of Anthony Lane. The other five

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Cara covers commercial and residential real estate. She has an extensive background in local government reporting and hopes to use her experience writing about both urban and rural redevelopment to better inform readers. Cara lives in Waukesha with her husband, a teenager, a toddler, a dog named Neutron, a bird named Potter, and a lizard named Peyoye. She loves music, food, and comedy, but not necessarily in that order.

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