Press Releases
Marcus & Millichap Arranges $5.53M Sale of Luxury Multifamily Community in Wausau, Wisconsin
October 14, 2026
WAUSAU, Wis., Oct. 14, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of The Reserve at Greenwood Hills, a 16-unit luxury multifamily community in Wausau, Wisconsin. The sale also included a fully entitled, shovel-ready development site for up to 48 more units. The property sold for $5,525,000.
“The combination of an established luxury apartment community and a fully entitled development site made this offering particularly attractive,” said Dan Bowar, director investments. “Demand for quality rental housing remains strong in Central Wisconsin, while new Class A supply is limited. The property's shovel-ready development site offers a clear path for future growth, and this transaction reflects investor confidence in the market's long-term potential.”
Bowar, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both Wisconsin-based investors.
Located on 2 acres at 2725 Osswald Road, The Reserve at Greenwood Hills was completed in 2020 and features 16 executive-style one- and two-bedroom apartments totaling 16,816 rentable square feet. Situated within a master-planned golf-course community, the property features underground parking, golf-cart access to Greenwood Hills Country Club, and resort-style amenities including a dining room and bar, theater, library, outdoor terraces and walking trails. The included development site provides the opportunity to expand the community by up to 48 additional units, bringing the potential total to 64 units.
“The combination of an established luxury apartment community and a fully entitled development site made this offering particularly attractive,” said Dan Bowar, director investments. “Demand for quality rental housing remains strong in Central Wisconsin, while new Class A supply is limited. The property's shovel-ready development site offers a clear path for future growth, and this transaction reflects investor confidence in the market's long-term potential.”
Bowar, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both Wisconsin-based investors.
Located on 2 acres at 2725 Osswald Road, The Reserve at Greenwood Hills was completed in 2020 and features 16 executive-style one- and two-bedroom apartments totaling 16,816 rentable square feet. Situated within a master-planned golf-course community, the property features underground parking, golf-cart access to Greenwood Hills Country Club, and resort-style amenities including a dining room and bar, theater, library, outdoor terraces and walking trails. The included development site provides the opportunity to expand the community by up to 48 additional units, bringing the potential total to 64 units.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
