Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Element, a 23-unit, 87-bed student housing property in Whitewater, Wisconsin.
“The Element presented a rare opportunity to acquire purpose-built student housing in a high-demand university market,” said Matthew Whiteside, senior managing director investments. “Its proximity to campus and strong occupancy history made it especially attractive to investors.”
Element Apartments, located at 234 N Prince Street, features 23 units across 28,291 rentable square feet on 1.79 acres. The property includes one- to four-bedroom floor plans and an adjacent four-bedroom house at 1018 W. Florence Street, totaling 87 beds. Built in 2012, it is positioned directly across from key University of Wisconsin–Whitewater academic buildings.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
