Northmarq’s Midwest Multifamily Investment Sales team of Jake Lamb, Parker Stewart, Dominic Martinez, and Alex Malzone brokered the $10.7 million sale of Westminster & Prairie Oaks II, a 102-unit LIHTC and age-restricted (55 or older) multifamily portfolio in the Madison, Wisconsin MSA.
Northmarq represented the seller, Lakeside Capital Advisors. The buyer was TPW Properties.
Built in 2003 (Westminster) and 2002 (Prairie Oaks II), the portfolio features one‑ and two‑bedroom floorplans with amenities that include underground heated parking, private patios/balconies, community lounges, fitness and business centers, and on‑site management. Both assets operate under LIHTC restrictions through 2032 and offer significant rent‑growth potential.
