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Cottonwood Communities bets $600 million on Midwest apartments

Nontraded REIT expands into three new states through Mandel Group deal
Cottonwood Communities bought Park Lafayette Towers, a 271-unit building in Milwaukee, for $94.1 million. (CoStar)
Cottonwood Communities bought Park Lafayette Towers, a 271-unit building in Milwaukee, for $94.1 million. (CoStar)
CoStar News
September 9, 2026 | 4:08 P.M.

Milwaukee's Mandel Group has agreed to sell 13 apartment properties to a Salt Lake City real estate investment trust in a transaction the companies value at more than $600 million.

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