Fairhaven Court Apartments

6711-6749 Fairhaven Road, Madison, WI 53719
Strategy: Core-Plus
Status: Current
Purchase Price: $9,200,000
Acquisition Date: 10/30/2024
Size: 58 Units

Fairhaven Court Apartments, located on Madison's desirable West Side, is a 58-unit apartment community acquired by Breneman Capital on October 30th, 2024. Built in two phases, with townhomes constructed in 2007 and apartment units in 2014, Fairhaven Court consists of 16 townhomes and 42 apartments, offering a range of floor plans from studio apartments to spacious 3-bedroom townhomes.

This acquisition marks Breneman Capital’s strategic re-entry into the Madison market, where our founder, Drew Breneman, started his career nearly 20 years ago. Our investment team, with strong ties to the University of Wisconsin-Madison, is thrilled to bring this high-quality asset into our portfolio and build on the property’s existing momentum.

Breneman Capital’s plan for Fairhaven Court includes a light renovation strategy to capture rent increases, leveraging the strong demand in Madison’s rental market. By optimizing rental income and enhancing select units, we aim to create long-term value for our investors in a market known for stability and growth.

The investment is conservatively structured and features immediate cash flow with 61% LTV financing at a 5.21% fixed interest rate.