Kidder Mathews Arranges Sale of 22-Unit Fremont Apartment Property
The Francis, a 22-unit apartment community located at 3636 Francis Avenue N. in Seattle’s Fremont neighborhood, has sold for $7 million. Matt Laird and Jack Shephard of Kidder Mathews’ Simon | Anderson Multifamily Team served as the exclusive brokers representing the seller, Trimark Property Group, and sourced the buyer, Curtis Capitol Group.
Built in 1988, The Francis offers a mix of studio, one-bedroom, and two-bedroom units. The acquisition delivers Curtis Capitol Group a value-add opportunity featuring updated building systems and continued upside potential.
“This transaction reflects the continued depth of investor demand for quality multifamily investments in the city’s urban core, assets that are difficult to replicate and located where renters consistently want to live,” said Laird. Situated on the north side of the Lake Washington Ship Canal, just miles from downtown Seattle, the property is surrounded by employers, dining, shopping, and cultural amenities.
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JLL Arranges Financing for Lightstone Acquisition on Upper West Side
JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...
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National City Investment Group Commences Workforce Housing Build
The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33...
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout