Aberdeen Apartments

Madison, WI

Multifamily Stabilization

Aberdeen Apartments

MULTIFAMILY STABILIZATION

ACRES has funded a $26.325 million loan for the acquisition of Aberdeen Apartments, a high-rise student housing development located on a 0.35-acre site in Madison, Wisconsin. The property is located near the University of Wisconsin-Madison Campus.

This property includes:

• 12-story building along with 2 commercial suites.
• 224 beds across 77 units and has a total net rentable area of 69,033 SF
• The unit mix at the property includes 3 beds in 3 one-bedroom/one-bathroom units
• 62 beds in 31 two-bedroom/one-bathroom units,
• 39 beds in 13 three-bedroom/two-bathroom units
• 120 beds in 30 four-bedroom/two-bathroom units.

$27 Million

Loan Amount

Refinance

Loan Product

“Aberdeen is a well-located student housing opportunity at a Power 5 university. Altitude has a deep understanding of the University of Wisconsin student housing market and has created a business plan to create significant value. We are excited to be part of the equation.”

- Mark Fogel, Chief Executive Officer and President of ACRES

RELATED TRANSACTIONS

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INDUSTRIAL - GROUND-UP CONSTRUCTION

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RETAIL STABILIZATION

Construction • Bridge • Permanent

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