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Real Estate

Nebraska investor buys string of low-income Racine apartment buildings for $24.8 million

Apartments were redeveloped about six years ago by Illinois real estate company 

Cara Spoto
By Cara Spoto
A Nebraska investor has paid $24.8 million for a portfolio of 18 of low-income apartment complexes on Racine’s west side. (Photo courtesy of Google Street View)
Last updated

A Nebraska investor has paid $24.8 million for a portfolio of 18 low-income apartment complexes on Racine’s west side. All of the buildings are located within steps from each other on three streets, with the bulk of the properties situated in the 2400, 2500, and 2600, and 2800 blocks of Anthony Lane. The other five

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