MADISON, WI - Weidner Apartment Homes, a real estate investment and property management company recognized industry-wide as a creative developer of new housing, closed a dual community deal in Madison, WI, by acquiring 515 @ Royster Apartments and Royster Commons Apartments.
Royster Commons is a two-building, four-story, 86-unit property built in 2019 that sits atop the Madison Public Library and Options in Community Living. 515 @ Royster is a singular, 88-unit, three-story apartment building built in 2022.
The assets are on the same block with a combined surface-level parking lot. Due to the property's proximity, Weidner combined the assets into one community, offering 151,781 SF of rentable space, and renamed the assets Royster Commons Apartments.
Each building enjoys its own set of amenities, including extensive community patios with grills and lounge seating, luxury clubhouses, and gyms with modern equipment. The units feature gourmet kitchens, stainless steel appliances, and stone countertops. Select homes have large private balconies and/or 270-degree floor-to-ceiling windows.
Royster Commons offers upscale apartments in Madison’s vibrant Eastside neighborhood. The community is ideally located 15 minutes from downtown Madison to the west and large regional employers, including American Family Insurance, Baker Tilly, and UWHealth, to the north. Located along Cottage Grove Road, a primary east/west thoroughfare, the properties are minutes from I-90 to Chicago and I-94 to Milwaukee. Closer in, residents live within walking distance of lakefront Olbrich Park, San Damiano Park, and Woodman’s Grocery.
Weidner is the owner and manager of Royster Commons Apartments. The company is excited to enter the Madison, WI rental market and provide the community with high-end, quality rental homes.
About Weidner Apartment Homes: Founded by W. Dean Weidner in 1977, Weidner Apartment Homes is a real estate investment and property management company recognized as an efficient provider of quality rental apartment homes and a creative developer of new housing. The company is headquartered in Kirkland, WA, and its portfolio covers 13 U.S. states and four Canadian provinces. Please visit our website at www.weidner.com