Wangard Partners, Inc. (Wangard) has closed acquisition on a new Class A multifamily community, Glacier Valley at Reston Heights, located in Madison, WI. This is the company’s first apartment acquisition in Madison.
Wangard Partners and its investment group targeted the Madison market as a result of its strong economic and demographic trends. Glacier Valley is a 158-unit, five-building community located on Madison’s east side. The site provides access to Door Creek Park, contains an abundance of green space and is within a short drive of grocery stores, shopping centers and east side office parks. Wangard Partners will managed the property and has hired on Brody Wachter, who has managed the property since its completion in 2012. NAI MLG Commercial’s Tim Janusz and Brett Garceau partnered with Wangard Partners and helped facilitate this transaction.
“Acquiring Glacier Valley at Reston Heights accomplishes our strategic business goal of expanding into the Madison area. This Class A property fits within our core expertise and will be maintained and managed by our award-winning property management team.”
CEO, Wangard Partners, Inc.
Wangard Partners owns and manages office, industrial, retail and multifamily developments throughout the state. “Given the current low interest rate environment, our investors saw this project as a means to earn cash flow that might supplement income earned in their investment portfolios,” stated Jeremy Hillenbrand, Vice President of Capital Markets. Wangard Partners is also focused on creating a vibrant mixed-use development for its Brady & Water Street location in Milwaukee, Phase II of its Avenir Apartments development located in the lower east side of Milwaukee as well as the remaining buildings at The Reef Apartments in Wauwatosa. To view leasing details for Avenir Apartments or The Reef Apartments please visit their websites.
View the Milwaukee Business Journal’s article here.