Washington

VANCOUVER, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the partial interest sale of Maple Ridge, a multifamily property in Vancouver. Glencrest Group purchased a partial interest in the community for an undisclosed price. Built in 1995, Maple Ridge features 116 apartments with an average size of 1,025 square feet. Apartments feature central air conditioning, gas fireplaces and lofted ceilings on top floor units. Anthony Palladino, Giovanni Napoli, Philip Assouad, Ryan Harmon and Nick Ruggiero of IPA represented the seller and procured the buyer in the deal.

TACOMA, WASH. — Goodman Real Estate has completed the sale of Sienna and Sienna Park, two multifamily properties in Tacoma, to Interstate Equities Corp. for $43 million, or $173,387 per unit. Located adjacent to one another, the properties offer a total of 248 units. Built in 1986, Sienna offers 80 two- and three-bedroom apartments spread across eight residential buildings. Constructed in 1988, Sienna Park offers 168 one-, two- and three-bedroom apartments across 17 buildings. The communities share an onsite leasing office and resident clubhouse, an outdoor pool, fitness center and standalone cabana. Giovanni Napoli, Philip Assouad, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

EDMONDS, WASH. — Waterton has purchased Brackett Apartments, a garden-style multifamily property in Edmonds, a suburb nearly 20 miles north of Seattle, from Intercontinental Real Estate Corp. and TruAmerica Multifamily for an undisclosed price. Located at 9501 244th St. SW, Brackett Apartments offers 386 units spread across 23 three-story residential buildings and two clubhouses across 22 acres. The acquisition brings Waterton’s holdings in the Seattle area to 1,331 units. Waterton plans to implement a value-add renovation program at Brackett Apartments, which was originally built in 1987. The program will add stainless steel appliances, new cabinet fronts and hardware, quartz countertops and new backsplashes, vinyl plank flooring and carpet, as well as new fixtures, hardware, blinds and refreshed paints. The one-, two- and three-bedroom apartments already include in-unit washers/dryers and wood-burning fireplaces. The pet-friendly community features an outdoor pool and open-air hot tub, grilling stations, a fitness center, dog park, miniature golf course and wellness studio. Waterton plans to improve exterior aesthetics and landscaping, as well as reposition common area amenities. Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper of CBRE represented the sellers in the deal.

SEATTLE — A partnership between Kennedy Wilson, Kenedix Inc. and Hulic Co. has purchased The Danforth in Seattle for $173 million. Kennedy Wilson has a 10 percent interest, investing $6.6 million of equity in the core plus joint venture, and will serve as asset manager for the partnership and earn customary fees. Built in 2018, the 16-story tower features 265 one-, two- and three-bedroom layouts, a Studio Fit fitness center, rooftop solarium, dog run, a resident lounge with shuffleboard and media center, a full demonstration kitchen and barbecue patio with multiple grills. Additionally, Whole Foods Market occupies the ground-floor retail space.

SEATTLE — The Simon | Anderson Multifamily Team at Kidder Mathews has arranged the the off-market sale of Anchor House Apartments, a waterfront property located at 2714 Fairview Ave. E in Seattle’s Eastlake neighborhood. Casal Real Property LLC sold the asset to Anchor House Apartments LLC for $6.7 million. Situated along Lake Union, Anchor House Apartments offers 18 units. Dylan Simon, Jerrid Anderson, Matt Laird and Jack Shephard of Kidder Mathews represented the seller in the deal.