Living / Multi-housing

The Bevy Apartments

8600 N Deerwood Dr Brown Deer, WI United States 53209
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2020
Building Area Net
Occupancy 98.0 %
Call for Offers 2022-05-05

Property description

JLL is pleased to present The Bevy Apartments, a brand-new, luxury community located in the charming village of Brown Deer, 15 minutes north of downtown Milwaukee. The Bevy offers an in-demand mix of layouts ranging from studio to three-bedroom apartments and tri-level townhomes with private garages. The Bevy is steps to quaint village retail and restaurants.


Demand for luxury living in Brown Deer is evidenced by Bevy’s rapid lease up and 8.5% rent growth on new trade out leases. This unbeatable opportunity benefits from a development TIF and available for purchase free and clear of existing debt.

Investment highlights

COMPELLING INVESTMENT

• First mover, luxury rental community in picturesque bedroom suburb

• Achieving new watermark rental rates & 98% occupancy

• $7.4M remaining TIF reimbursement

• Available Free and Clear


OUTPERFORMING ASSET IN GROWING CLASS A SUBMARKET

• Rapid lease-up

• Impressive 8.5% rent growth on new leases & 7% on renewals

• 96% proj. 5-yr avg submarket occupancy per Axio


AWARD-WINNING PROPERTY

• 2021 AOMA Toby Award Winner for Best New Construction & Innovative Marketing

• Diverse home mix from studio to townhomes

• Designer finishes and custom built-ins & bevy of community amenities


PICTURE PERFECT LOCATION

• 15-min drive to downtown Milwaukee via direct highway access

• Walking distance to Village & charming retail

• Access to demand drivers & recently modernized Bayshore outdoor shopping center

• Brown Deer development underway includes new Village Square with Beer Garden and $19M road & accessibility improvement project

Last Updated Date: 07 Apr 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

JLL, together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 07 Apr 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.