Wangard Partners Sells 458-Unit Tivoli Green Apartments (Mount Pleasant, Wisconsin) to Santefort Real Estate Group — Sale and Financing Completed by Berkadia
Milwaukee, Wisconsin and Chicago, Illinois – October 8, 2026 – Berkadia has announced the sale of Tivoli Green, a 458-unit multifamily property located in Mount Pleasant, Wisconsin, Racine County. Senior Managing Director Pete Evans of Berkadia Chicago and Senior Director Richard Evans of Berkadia Milwaukee led the transaction on behalf of the seller, Wangard Partners, Inc. The buyer is Illinois-based Santefort Real Estate Group, LLC. Wangard has been retained to provide third-party management services for the community.
Senior Managing Director Chris Blechschmidt and Senior Director Emily Stang of Berkadia Chicago arranged the acquisition financing through Freddie Mac on behalf of the buyer, Santefort Real Estate Group. The deal closed on October 5th.
“Southeastern Wisconsin is home to one of the fastest-growing, most dynamic economic corridors in the country and national multifamily investors are taking note,” said Richard Evans. “Tivoli Green’s exceptional quality and timeless design directly answer the region’s rising demand for premium rental housing. This makes it an ideal vehicle for investors looking to capture the strength of this burgeoning market. Bringing Wangard and Santefort together for this milestone transaction — one of the largest single-asset multifamily sales ever in Wisconsin — is deeply rewarding because we have long-standing relationships with both firms and their investment synergies are numerous.”
“Wangard Partners’ experience as one of Wisconsin’s preeminent developers is reflected in the quality and long-term appeal of this community,” said Chris Blechschmidt.
“Santefort Real Estate Group continues to demonstrate its disciplined approach to acquiring and operating high-quality, institutional-grade multifamily communities across the Midwest. Tivoli Green complements the firm’s portfolio with its appealing location, quality, and potential for sustained performance. We were proud to arrange Freddie Mac financing that supports Santefort’s strategy and its long-term objectives,” said Emily Stang.
Tivoli Green was delivered in three phases from 2021 to 2024 — the 22-building, 458-unit luxury multifamily property is located at 9110 Megan’s Way and spans approximately 38 acres. It is one of the largest multifamily assets built within the last 25 years in Southeastern Wisconsin and was the first apartment community built in Racine County in over 20 years. Tivoli features 100% direct-access units and two-story townhomes, offering sought-after home-like rental living.
Tivoli sits in the heart of massive economic expansion and job growth along the I-94 Corridor in Southeastern Wisconsin. Multi-billion-dollar investments via Microsoft, Lilly, and ULINE have — and continue to propel renter / buyer demand, population expansion, and exponential capital investment here. Microsoft’s AI data center and hyperscale campus in Mount Pleasant will top $20 Billion. Over 2.5 Million people live within a 60-minute commute.