Borgman Capital Adds Madison-Area Multifamily Property to Real Estate Portfolio
MILWAUKEE – (OCTOBER 16, 2024) – Private equity firm Borgman Capital has announced the acquisition of North Towne Apartments and Townhomes, located at 4320 North Towne Court in Windsor, Wisconsin, approximately 12 miles from downtown Madison.
Built in 2016, North Towne Apartments and Townhomes is a 60-unit multifamily community which includes a 42-unit apartment building and six 3-plex townhouses.
“There are many factors that made North Towne Apartments and Townhomes an exciting investment opportunity. The Madison area is one of the top multifamily markets in the nation, with solid fundamentals. We expect growth in the Madison area to continue, making North Towne’s proximity to Highway 51 and I-94 a big draw for residents,” said Matt Kiefer, Director of Real Estate Investments at Borgman Capital. “The property also has a very desirable unit mix, with one- and two-bedroom apartments, as well as large two- and three-bedroom townhome units with attached two-car garages. Overall, North Towne is a strong multifamily asset and a great addition to our real estate portfolio.”
Borgman Capital’s real estate practice acquires, improves and repositions industrial, multifamily, retail, and office properties with a typical deal size between $5 and $65 million.
Borgman Capital partnered on the transaction with Walker & Dunlop for financing, and Husch Blackwell served as legal counsel.
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About Borgman Capital
Founded in 2017, Borgman Capital is a private investment firm focused on acquiring successful lower middle market businesses that are poised for growth, and real estate properties with untapped potential. Borgman Capital partners with business owners, management teams and property owners seeking private equity as a growth or exit strategy. We collaborate with sellers to understand their goals and ensure a smooth transition of legacies and assets. Borgman Capital is headquartered in Milwaukee with additional operations in the Twin Cities.
