The Davis Cos. JV sells multi-housing community in Milwaukee for $53m

Milhaus Development and The Davis Cos. have sold Vim + Vigor, a new, 274-unit, mid-rise multi-housing community in the Brewery District of Milwaukee, Wis.

Weidner Apartment Homes acquired the property for $53 million.

Vim + Vigor was completed in 2019 and was more than 90 percent leased at closing. The property comprises two buildings with studio, one-, two- and three-bedroom apartment units ranging from 376 square feet to 1,340 square feet, as well as 7,050 square feet of ground-floor retail, a 237-space parking garage with additional surface parking, and an expansive building amenities package. The apartments feature a range of floor plans, 9- to 10-foot ceiling heights, stylish kitchen designs with stainless steel appliances and quartz countertops, high-end bathroom finishes, wood- and concrete-style flooring, abundant in-unit storage spaces, patios and balconies, and full-sized in-unit washers and dryers. The community offers a courtyard with grills and fire pit, c