Milwaukee “Value Added” Multi-Family Investment Thesis

Fairchild Acquisition has decided to apply its Edgewater business model to Milwaukee based on a few reasons.  

Grossman was born and raised in Milwaukee, and has numerous strong relationships in the market, which should create access to off-market deals at attractive values. The specific market we have chosen in Milwaukee has many of the same characteristics as the Edgewater area, specifically access to Lake Michigan and the nearby beaches, as well as public parks, hospitals and a retail corridor.

This portfolio’s close proximity to the University of Wisconsin-Milwaukee (UWM) campus, much like the proximity to Loyola University for our Edgewater portfolio. In the past four years, UWM enrollment has increased from 18,000 students to 25,000, an increase of 38%, including the percentage of out of state students growing from 6% to 15%, thus creating a need for additional and higher quality housing. Fairchild Acquisition sees this as a great value add opportunity to provide our quality rehabbed units thus fulfilling the areas demand. 

• Grossman has numerous strong relationships to create access to off-market deals 
• Staggering growth in enrollment at University of Wisconsin-Milwaukee.  
• Access to Lake Michigan, beaches, public parks, hospitals and a retail corridor
• Minutes north of downtown Milwaukee 
• Minimal rehab to generate significant rent increases
• Existing construction crew, keys in executing our business model to date, to complete the rehab
  

ON-GOING PROJECTS

TFG Milwaukee III

Property acquired in May 2021. This three Building, 32 unit portfolio was acquired for $5 million and our estimated development cost is $950K. Total equity that has been secured is $2 million with an anticipated hold period of five years. We estimated 18-24 months to redevelop this project and achieve stabilization.