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.
