Tacoma Multifamily Portfolio Sells for $43M, Investor Win
Overview of the Tacoma Transaction The magnitude of the Tacoma Multifamily Portfolio sale reverberates throughout the real estate industry. Goodman Real Estate relinquishes a significant asset valued at $43 million. Interstate Equities Corp acquired the Sienna and Sienna Park properties. This marks a pivotal transaction. The brokerage team from Institutional Property Advisors facilitated the deal. They are a division of Marcus & Millichap, showcasing their expertise in negotiating successful sales. Transaction details reveal a per-unit valuation of $173,387. This highlights financial implications amidst Tacoma's thriving market dynamics. The sale demonstrates a creative deal strategy reminiscent of Christian Osgood's approach in real estate, where innovative solutions are key to successful outcomes. The total number of residential buildings includes Sienna with 8 and Sienna Park with 17, providing substantial residential offerings. The transaction reflects robust demand f...