806 Riverwalk Dr - Waukesha, WI
Ryan Business Park (a joint venture of General Capital and Capstone Quadrangle) and Joseph Property Development acquired Riverwalk Apartments as 50/50 partners in February 2018. The long-term acquisition strategy is to enhance the asset’s value through optimizing property management and updating apartment units as turnover occurs. The asset was stabilized at acquisition and has had a long history of low vacancy rates and strong operating income.
Riverwalk Apartments is located on approximately 6 acres along the Fox River Sanctuary in downtown Waukesha, Wisconsin. The real estate improvements include six buildings that are two and three stories each with a total of 136 units averaging 910 SF in size. The project has a full-time management office, a clubhouse and plenty of on-site and underground parking. Riverwalk is a convenient walk to downtown Waukesha where additional restaurants, fitness studios, coffee shops and nightlife can be found.