Simon Anderson Multifamily Team
Pierce County Apartment Sales Slow to 3 Deals and $8MM in Q2 as 2,764 Units Stay Under Construction
Pierce County's apartment market spent the second quarter of 2026 in adjustment mode, with only three sales closing even as vacancy improved to...
Kitsap Apartment Vacancy Falls to 7% as 70-Unit Quay Bainbridge Trades for $16.8MM, Ending Investment Drought
Kitsap County's apartment vacancy fell faster than any other Puget Sound submarket's in the second quarter of 2026, while the 70-unit Quay Bainbridge...
Small Puget Sound Apartment Buildings Lose Tenants in 5 of 7 Submarkets as 50+ Unit Properties Trade Rent for Occupancy
Kidder Mathews' latest Puget Sound apartment data shows vacancy climbing in buildings with 5 to 50 units across most of the region over...
Snohomish County Apartment Sales Reach $162MM in Q2 as Cap Rates Compress to 5.1% and 1,746 Units Rise
Snohomish County held its place as one of Puget Sound's steadiest multifamily markets in the second quarter of 2026, logging 10 sales worth...
Seattle Apartment Cap Rates Climb to 5.7%, Highest Since at Least 2018, as Prices Sit 29% Below 2019 Peak
Seattle's average apartment cap rate rose nearly a full percentage point in a year to 5.7 percent in the second quarter of 2026,...
KKR’s $78MM Baldwyn Northgate Buy Was North King’s Only Q2 Apartment Sale, Setting a 4.8% Cap Rate Mark
A single institutional trade beside the Northgate light rail station accounted for all of North King County's second-quarter apartment sales volume, lifting the...
King County Apartments Split as 33 Q2 Sales Total $357MM and 13,347 Units Stay Under Construction
Kidder Mathews' latest Puget Sound research shows King County's four apartment submarkets pulling in different directions in the second quarter of 2026, with...
Kirkland Buyer Pays $8.5MM for Rezoned Michaels Site in Juanita, Cleared for Up to 300 Apartments
The lakeside parcel near Juanita Beach Park sold for about $155 per square foot of land after six competing offers, closing in under...
Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’
At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat...
Bellwether Housing Lists 85-Unit Olive Tower Across From Seattle Convention Center for $8.5MM
Bellwether Housing has put its 14-story Olive Tower on the block at $8.5 million, offering investors a rare shot at an 85-unit downtown...
45-Unit Suncrest Apartments in Walla Walla Sells for $4.3MM in City’s Largest Deal of the Year
The 45-unit Suncrest Apartments in Walla Walla sells for $4.3MM, or $95,649 per unit, in the city's largest apartment sale of the year.
Dan Dahl Sells 23-Unit Tamarack Apartments in Wenatchee for $3.25MM, Ending 19-Year Hold
A 23-unit garden-style apartment community a short walk from downtown Wenatchee drew a contract within 72 hours of hitting the market and traded...
