TEMPE, AZ - Weidner Apartment Homes, an international real estate investment and property management company, announced today that it acquired the multifamily community Skywater at Town Lake in Tempe, AZ. This acquisition marks Weidner’s 30th community in the Phoenix metro and grows its portfolio to +10,300 in the region.
Skywater at Town Lake is a five-story, mixed-use podium community with 328 units on 5.35 acres. The property has two commercial spaces and holds +324,200 net rentable square feet with an average unit size of 989 square feet. Residents can choose to live in one of 18 floor plans of studio, one, two, and three-bedroom homes.
The community was built in 2015, and each unit incorporates high-end finishes like wood-style plank flooring, private patios, full-size in-unit laundry, and gourmet kitchens with stainless steel appliances, granite countertops, and gas ranges. Skywater at Town Lake offers a best-in-class amenity package with a state-of-the-art fitness center, a business center, multiple indoor and outdoor lounges and kitchens, and two resort-inspired outdoor pools.
Skywater at Town Lake offers a premium lakeside living experience along Tempe Town Lake and Rio Salado Park. Located in North Tempe, the property is within a short walk to Downtown Tempe with its assortment of 116+ restaurants and retailers, the Arizona State University campus, and State Farm.
Skywater at Town Lake’s central location and proximity to the light rail provides access to nearly 930,000 employees within a 30-minute commute in Tempe, Phoenix, Scottsdale, Chandler, Mesa, and Gilbert. Spearheading local economics, North Tempe holds major organizations like Deloitte, JPMorgan Chase, and Amazon that have influenced ongoing capital commitments across the city through developments such as I.D.E.A. Tempe, 250 Rio, the NOVUS Innovation Corridor, and the 100 Mill, an ongoing redevelopment of Arbors to create a 15-story mixed-use tower.
Weidner Apartment Homes is the sole property owner and manager of Skywater at Town Lake Apartments. The company is excited to grow in the Tempe real estate market and provide residents with quality, well-managed apartment homes.
About Weidner Apartment Homes: Founded by W. Dean Weidner in 1977, Weidner Apartment Homes is a real estate investment and management company, recognized industry-wide 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