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Home Finance Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island
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Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island

July 29, 20262 Mins read528
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Aerial Photos of Mercer Island, Washington USA with background shots of Mt. Rainier and the downtown Seattle, WA skyline
Photo by Wing Walker Photos on iStock
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Mesirow Financial's value-add multifamily fund found the discount-to-replacement-cost, barrier-to-entry market its investors were promised on an island that has spent decades limiting new apartment supply, paying a per-unit premium well above recent Mercer Island comps to get it.A Chicago-based investment fund has paid $157 million for a 235-unit apartment complex on Mercer Island, one of […]

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