JLL Capital Markets announced it has facilitated the sale of an active adult community in Wisconsin. Built in 2018, The Oaks of Shorewood comprises 101 units in the Milwaukee suburb of Shorewood. The four-story building consists of a mix of one- and two-bedroom apartments, with an average unit size of 1,115 square feet. Weidner Apartment Homes purchased the property with help from a Fannie Mae loan originated by JLL.
The JLL Capital Markets Investment Sales Advisory team represented the seller, Sherman Associates, and was led by Amanda Friant, Wick Kirby, Mox Gunderson and Jaime Fink. Meanwhile, the JLL Capital Markets Debt Advisory team represented the borrower and was led by Tom Wilson and Mike Brady. The sale price was not disclosed.
