Seattle, Wash. (November 20, 2023) – Max Frame of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, represented the seller in the sale of the Highland Halls Apartments of Spokane for $1,570,000 (approximately $112,142 per unit). This successful closing is part of an active year for the Simon and Anderson team, which now features 31 completed sales in 2023.
The Highland Halls Apartments is comprised of 14 value-add apartment units built in 1938, situated in the highly desired South Hill neighborhood at 1324 West 5th Avenue. Even with difficult market conditions and rising interest rates, Frame and his team at Kidder Mathews were able to generate nine offers on the listing, ultimately choosing to work with a buyer out of Sammamish, Washington.
“While market conditions are not as favorable currently as we have become accustomed to the last few years in Spokane, it is great to see continued buyer demand for quality assets in Eastern Washington. I’d like to thank both seller and buyer for working hard to make this a very smooth closing before year end,” said Frame.
About Max Frame
Working out of Kidder Mathews’ headquarters in Seattle, Washington, Max specializes in representing sellers and buyers in the sale of Eastern Washington apartments. Born and raised in Eastern Washington, Max combines his local knowledge and expertise of these markets with Kidder Mathews’ national exposure and outreach. Max works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team.
About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents investors in the sale, purchase, and financing of apartment buildings and development land across the greater Seattle and Puget Sound region. The team of 11 brokerage professionals specializes in sale and financing of apartment buildings and development land from $1 million to more than $100 million.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts 2,800 appraisal, consulting, and cost segregation assignments annually.