Home Industries Real Estate Washington state apartment investor buys two more buildings in The Brewery district...

Washington state apartment investor buys two more buildings in The Brewery district for $53 million

Weidner now owns 374 units in downtown neighborhood

Vim + Vigor apartments. Credit: Google
Vim + Vigor apartments. Credit: Google

Kirkland, Washington-based Weidner Apartment Homes clearly has its eye on The Brewery district in downtown Milwaukee. An affiliate of Weidner has acquired the Vim + Vigor apartments, 926 W. Juneau Ave. and 1003 W. Winnebago Ave., for $53 million, according to state records. Weidner now owns and operates around 375 units in The Brewery. Vim +

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Kirkland, Washington-based Weidner Apartment Homes clearly has its eye on The Brewery district in downtown Milwaukee. An affiliate of Weidner has acquired the Vim + Vigor apartments, 926 W. Juneau Ave. and 1003 W. Winnebago Ave., for $53 million, according to state records. Weidner now owns and operates around 375 units in The Brewery. Vim + Vigor have 274 dwellings total, ranging in size from "micro" to three-bedroom units. Indianapolis-based Milhaus developed Vim + Vigor. An affiliate of Milhaus sold the buildings to Weidner. The acquisition of Vim + Vigor comes about a month after Weidner acquired the 100-unit Frederick Lofts, 840 W. Juneau Ave., from Brookfield-based MLG Capital for $18.5 million. Weidner did not immediately respond to a request for comment. The company is marketing all three apartment buildings under the name Vim + Vigor Lofts. Weidner has been unrelenting in acquiring Milwaukee-area apartment communities. In 2017, it bought two apartment complexes on Milwaukee’s northwest side for $29.2 million total, and shortly thereafter it acquired the St. James Place Apartments for $24.5 million. In 2018, it bought the Avenir apartments downtown for $22.3 million, where it plans to develop more units. It also bought the River House Apartments around that time for $58 million. In 2019, it acquired the Latitude Apartments for $13.7 million, and it bought the Stitchweld Apartments for $54.3 million.

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