Institutional Property Advisors
Verdant Development Acquires 438-Unit Oregon Apartment Portfolio for $83MM from Bender Equities
Verdant Development Inc. has purchased two well-occupied Oregon apartment communities totaling 438 units — the 257-unit Oak Vale in Corvallis and the 181-unit...
Sequel Investment Company, Evergreen Gavekal Pay $35.05MM for 95-Unit East Howe Steps in Seattle’s Eastlake
IPA brokers the $35.05MM sale of East Howe Steps, a 95-unit mixed-use Eastlake apartment complex, and arranges acquisition financing.
Henbart Lists 44-Unit 101 Broadway in Seattle’s Capitol Hill, Pitching Assumable Debt Across From Light Rail
The 2017-built podium asset designed by Studio Meng Strazzara enters a Seattle multifamily market that brokers say has shifted from correction to recovery....
57-Unit Capitol Hill Studio Building Vitality on Howell Lists at $9.5MM, Priced 15% Below Appraisal
Greenbuild Development affiliate puts 57-unit 2016-vintage asset on the market at $166,667 per unit as Capitol Hill supply pipeline shrinks to 139 units....
Pacific Development Partners Lists 57-Unit Union 18 in Seattle’s Capitol Hill
Santa Monica investor markets two-building, 45,822-SQFT property at 1140 18th Ave with appraised value of $12.7MM, roughly 39 percent below its $20.8MM acquisition...
Spokane Indian Housing Authority Acquires 200-Unit Waterford Apartments in Everett for $53.3MM
The Wellpinit-based tribal housing entity acquired its fourth western Washington apartment complex in under a year, bringing its total deployment to approximately $285...
Family-Owned 21,600 SQFT Denny Triangle Development Site in Seattle Trades for $32.4MM in Equity Deal
The half-acre parcel in Seattle carries a master use permit for an 11-story, 305,000-square-foot life-science and office project designed by Perkins+Will for Trammell...
214,000 SQFT Trellis West Advanced Manufacturing Campus Hits the Market in Hillsboro’s Sunset Corridor
The four-building Silicon Forest property is 85 percent leased with a 5.1-year weighted average lease term and roughly 39 percent investment-grade credit tenancy...
Red Tail Acquisitions Buys 115-Unit Exeter House Apartments for $25MM in Seattle’s First Hill
The 1927 property traded at roughly $217,400 per unit, well below comparable recent multifamily sales across Seattle’s urban core. An entity affiliated with...
Strategic Office Partners Lists 43,600 SQFT Class A Beaverton Office Building for $7.5MM
The listing at 2555-2645 SW 153rd Drive represents an individual building sale from the larger Beaverton Creek Office Park V campus, priced at...
TPG Angelo Gordon Lists for Sale 80-Unit Renovated Multifamily Property in Downtown Bellevue
The renovated multifamily property sits within walking distance of light rail and the Eastside’s largest tech employers An 80-unit multifamily property in downtown...
Bridge Investment Group Buys 335-Unit The Ridge and The Shores Properties in Federal Way for $78MM
(Editor’s Note: According to King County public records, the sales price was $78 million, or about $232,835 per unit.) FEDERAL WAY, Wash., Feb....
