JLL Capital Markets closes sale of the 175-unit The Bevy Apartments in Brown Deer, WI

 Amanda Friant

CHICAGO, IL,  Aug. 16, 2022 – JLL Capital Markets has closed the sale of Bevy Apartments, a brand-new, 175-home apartment and townhome community in the fast-growing North Milwaukee suburb of Brown Deer. The price was not disclosed.

Rendering of The Bevy Apartments, 
8600 North Deerwood Drive,
Brown Deer, WI

JLL worked on behalf of the seller, Fiduciary Real Estate Development, Inc. JVM Realty Corp. acquired the asset.

The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Director Wick Kirby, Director Amanda Friant and Analyst Jeremy Weinstock, along with Senior Managing Director Jaime Fink.

 Built in 2020, The Bevy Apartments features studio, one-, two- and three-bedroom floorplans with granite countertops, stainless steel appliances, in-unit washers and dryers, large walk-in closets, programmable thermostats, bedroom ceiling fans with lighting controls and an average size of 961 square feet.

Wick Kirby

Select units feature private balconies/patios and private entries and garages. Community amenities include a fitness center, an outdoor terrace with grilling stations, a resident clubroom, an FX gaming system, an outdoor dog park and pet spa and underground parking.

 Located at 8600 N. Deerwood Dr., The Bevy Apartments is just a 15-minute drive to downtown Milwaukee via direct highway access and is walkable to the numerous retail options at the Village, which will include the new Village Square development’s beer garden and farmer’s market. 

Jeremy Weinstock

The property is also accessible to the modernized Bayshore outdoor shopping center.  Additionally, the community is 25 minutes from Milwaukee Airport and 10 minutes from Lake Michigan.

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 Fiduciary Real Estate Development, Inc

Fiduciary Real Estate Development, Inc.(“FRED”) is an award-winning developer and real estate investment management firm, focused on the market rate multifamily apartment asset class.

 Jaime Fink

Founded in 1985 and based in Milwaukee, Wisconsin, FRED currently owns and manages more than 8,000 market rate apartments across multiple states, and continues to expand throughout the United States.  

JVM Realty Corp.

 Based in Oak Brook, Illinois, JVM operates a $1.4 billion multifamily portfolio in the Greater Midwest, including Illinois, Indiana, Kansas, Missouri and Wisconsin. 

  Contact:

Jenna Sharp

JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

www.jvmrealty.com.

 

 https://liveatthebevy.com/