Midloch Investment Partners and Hempel Real Estate have acquired The Oscar apartments, a 240-unit Class-A multifamily rental community near downtown Sheboygan, Wisconsin. The property has a new mortgage loan from Bridgewater Bank of Minneapolis.
Completed in 2021, The Oscar offers a mix of spacious one, two, and three-bedroom apartments across three buildings, and includes underground temperature-controlled parking, in-unit washers and dryers, stainless steel appliances, granite countertops, and contemporary cabinetry. The clubhouse features a fitness center, community room, bike storage, and a pet spa. Outdoor amenities include an outdoor grilling area and patio with a fire pit.
The property is approximately 70% leased. Harmoniq Residential, based in Milwaukee, is now managing and leasing The Oscar. Harmoniq also manages Harbor Estates apartments in Sheboygan, a garden-style property with 186 units that are co-owned by Midloch and Harmoniq.
