Malt House Apartments

Milwaukee, WI

A 118-unit luxury apartment complex located in the historic Pabst Brewery District of Milwaukee, Wisconsin. The historic cream city brick property was originally built in 1882 as the malt house for the Pabst Brewery Company, and was extensively renovated into a multifamily property, completed in 2021.

Year Built

1882

Number of Units

118

Year Renovated

2021

Average Unit Size

958 SF

Investment Highlights

1009 W JUNEAU AVE

MILWAUKEE, WI 53233

The Malt House Apartments is a 118 unit Class A apartment community located in the historic
downtown Pabst District of Milwaukee, Wisconsin. The historic cream city brick property was
originally built in 1882 as the malt house for the Pabst Brewing Company, and between 2016 and
2021 was extensively renovated into to a luxury multifamily property.

The Malt House features spacious floorplans, upscale finishes, and modern amenities in Milwaukee’s historic Pabst District, just steps from local dining, breweries, and the Deer District (where the Milwaukee Bucks NBA team plays).

Midloch is acquiring The Malt House for $19.2M from a distressed seller who invested over $50M in its redevelopment. Due to the seller’s high leverage, they are selling the property at a discount to their loan balance and market pricing, allowing Midloch to acquire the property at an attractive ±7.1% cap rate. In addition to the favorable basis, Midloch plans to invest in targeted unit upgrades, common area enhancements, and deferred maintenance, creating further opportunity to strengthen occupancy and long-term value.

CONTACT

Tim Donovan

414.795.5849
tim@midloch.com

CONTACT

Gabriella Garcia

312.625.7162
gabriella@midloch.com

Find New Value in Real Estate

CHICAGO

MILWAUKEE

MINNEAPOLIS

+1 414 644 0353

DISCLAIMER: This website is for informational and discussion purposes only and is not, and may not be relied on in any manner as, legal, business, financial, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or other opportunity sponsored by Midloch, LLC, or its affiliates (each, an “Opportunity”) or to participate in any investment strategy and may not be used or relied upon in connection with any offer or sale of securities. A private placement of interests in an Opportunity will only be made pursuant to a definitive confidential private placement memorandum, term sheet or similar offering document (as such may be amended or supplemented from time to time, a “Memorandum”), an Opportunity’s subscription documents, and a Opportunity’s limited liability company agreement or limited partnership agreement, as applicable, as it may be amended and/or restated from time to time, which will be furnished to qualified prospective investors on a confidential basis at their request and should be reviewed in connection with any consideration of an investment in an Opportunity. No assurance can be given that any Opportunity’s investment objectives will be achieved. This website does not contain all of the information and risk factors that would be important to an investor in making an investment decision and is not an offer to sell a security or the solicitation of an offer to buy a security. A discussion of material risks involved in an investment in an Opportunity is included in the Memorandum related to such Opportunity. By accessing this website and reviewing the information provided herein, you understand, acknowledge and agree that none of Midloch, LLC, its affiliates and/or their respective members of management, officers, managers, directors, agents and representatives shall have any liability for any misstatement or omission of information contained herein.

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Find New Value in Real Estate

CHICAGO

MILWAUKEE

MINNEAPOLIS

+1 414 644 0353

DISCLAIMER: This website is for informational and discussion purposes only and is not, and may not be relied on in any manner as, legal, business, financial, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or other opportunity sponsored by Midloch, LLC, or its affiliates (each, an “Opportunity”) or to participate in any investment strategy and may not be used or relied upon in connection with any offer or sale of securities. A private placement of interests in an Opportunity will only be made pursuant to a definitive confidential private placement memorandum, term sheet or similar offering document (as such may be amended or supplemented from time to time, a “Memorandum”), an Opportunity’s subscription documents, and a Opportunity’s limited liability company agreement or limited partnership agreement, as applicable, as it may be amended and/or restated from time to time, which will be furnished to qualified prospective investors on a confidential basis at their request and should be reviewed in connection with any consideration of an investment in an Opportunity. No assurance can be given that any Opportunity’s investment objectives will be achieved. This website does not contain all of the information and risk factors that would be important to an investor in making an investment decision and is not an offer to sell a security or the solicitation of an offer to buy a security. A discussion of material risks involved in an investment in an Opportunity is included in the Memorandum related to such Opportunity. By accessing this website and reviewing the information provided herein, you understand, acknowledge and agree that none of Midloch, LLC, its affiliates and/or their respective members of management, officers, managers, directors, agents and representatives shall have any liability for any misstatement or omission of information contained herein.

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