IPA
Cadence Real Estate Acquires 132-Unit The Court at Northgate in Seattle for $29MM
Seattle value-add investor Cadence Real Estate has bought a 1978 apartment complex a short walk from the Northgate Link light rail station for...
FPA Multifamily Buys 283 Units Across Two Olympia Apartment Communities for $43.7MM
FPA Multifamily buys Evergreen Garden and Rock Maple Village, 283 units in Olympia, for $43.7MM, or $154,417 per unit, from developer Bender Equities.
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.
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. 25,...
Timberlane Partners Acquires 325-Unit Copper Ridge in Renton for $71MM
Seattle, WA, December 13, 2024 – Timberlane Partners, a Seattle based, alternative investment manager, announced today the acquisition of Copper Ridge located at 4600 Davis Avenue...
Everett’s Woodbrook Apartments Trade for $31.3MM
EVERETT, Wash., Aug. 9, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Woodbrook, a 100-unit apartment property...
CEP Multifamily Spends $32.5MM to Acquire 96-Unit Four Pines Apartments in Burlington, WA
Everett, WA, April 29, 2022 – CEP Multifamily announced their April 29, 2022, acquisition of Four Pines, a newly constructed, 96-unit apartment community...
Lake Union Partners Sells Seattle’s Stencil Apartments for $18.5MM
By Meghan Hall Lake Union Partners has sold off the Stencil Apartments in Seattle, closing on the $18.5 million deal this past week....
Tremont Mortgage Trust Closes on Bridge Loan to Finance $19MM Acquisition of Parallax Apartments in Portland
(EDITOR’S NOTE: According to public records that just recently recorded, the sale of the asset closed on July 30, 2021. The complex sold...
Virtu Investments Buys Blu Bellevue Apartments for $109MM
By Meghan Hall Another Puget Sound apartment complex has traded hands. In a deal that closed on September 2nd, the Blu Bellevue Apartments...
$24MM In Financing Secured for Green River Village Apartments in Auburn
Auburn, Washington, July 12, 2021 – IPA Capital Markets, a leading provider of commercial real estate capital markets solutions, announced that it has arranged refinancing of...
Vancouver, Washington Apartment Asset Sells for $39.5MM
(EDITOR’S NOTE: According to sources that are familiar with the transaction, the asset sold for $39.5 million, or about $267,000 per unit.) VANCOUVER,...
