Breneman Capital and Base3 Development, led by University of Wisconsin-Madison Real Estate alumni Drew Breneman and Gabe Horstick, respectively, closed the sale of the apartment community to be rebranded as “The Aura” at 3821 N. Ashland Ave. in Chicago.
The deal was spearheaded by key lead team members Sam Markin from Breneman Capital and Alec Greenberg, Partner at Base3 Development, both UW-Madison Real Estate alumni who played pivotal roles in executing this transaction. This transaction marks a significant milestone for both firms, united by their shared connection as UW-Madison Real Estate alumni, with the majority of both teams having graduated from the prestigious Wisconsin School of Business Real Estate program.
The Aura, constructed in 2023 by Base3 Development, features 48 units, including thirty-one (31) 1- bedroom/1-bathroom, five (5) 2-bedroom/1-bathroom, eight (8) 2-bedroom/2-bathroom, and four (4) 3- bedroom/2-bathroom floorplans. Located in Chicago’s sought-after Lakeview neighborhood, the Class A property boasts luxury finishes and is steps from the Southport Corridor’s upscale retail and dining, as well as Wrigley Field and other Northside attractions.
