IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington
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IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington
ISSAQUAH, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $37 million sale of Vista Ridge Apartments, a multifamily property in Issaquah, located east of Seattle. The sales price equates to $406,593 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the buyer and seller, both of which requested anonymity, in the deal. Brian Eisendrath, C…
Timberlane Partners Acquires 91-Unit Vista Ridge in Issaquah for $37MM
Timberlane Partners has expanded its Eastside footprint with the $37 million purchase of Issaquah’s 91-unit Vista Ridge apartments from Vancouver-based Belkorp Holdings, backing the deal with a $27 million loan from Morgan Stanley’s Mesa West Capital as it deploys its second closed-end fund into a submarket it had long targeted. Timberlane Partners has landed its long-awaited foothold in Issaquah. The Seattle-based multifamily investor acquired …
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