MILWAUKEE – A Los Angeles, Calif.-based investment group has
acquired three buildings on Milwaukee’s east side through the
foreclosure process, according to documents filed with the
Milwaukee County Register of Deeds.
Three separate affiliates of Sabal Financial Group LP have
purchased the properties, which were all previously owned by
affiliates of Milwaukee-based Lighthouse Development Co.
The three properties are: a four-story building valued at $1.73
million, with street-level commercial space and apartments on
the three upper floors, at 624-632 E. Ogden Ave; a two-story
building valued at $700,000 at 2140-2150 N. Prospect Ave.; and a
three-story building at 815-821 E. Brady St., which is valued at
Lighthouse is led by Brett Grasse and Tom DeMuth, who have
developed other local properties including apartments and
Sabal specializes in buying and managing distressed real estate
loans and properties.