Kidder Mathews Sells 124-unit Apartment in Vancouver, WA for $38.75M

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The newly-constructed 134th Street Lofts in Vancouver, Washington sold last week for $38.75 million in a transaction structured by Kidder Mathews.

Dylan Simon, Max Frame, and Jerrid Anderson of the Simon and Anderson team, a multifamily investment team based in Kidder Mathews’ Seattle headquarters, represented the seller in the sale of the property and directly sourced the buyer off-market.

The property is a newly constructed, 124-unit apartment complex located in the thriving Vancouver market. The property is footsteps from the Legacy Salmon Creek Medical Center, Washington State University Vancouver, and a vast array of local and national retailers.

Given its high-quality finishes, location, and terrific amenities, 134th Street Lofts is setting a new watermark in rental rates in the Vancouver market. As Vancouver urbanizes, this property continues to set a new benchmark for multifamily living.

“Kudos to our client for building a truly spectacular property that truly caught this buyer’s attention,” said Simon. “We were able to structure a sale lasting 49 days from contract to close, without a hiccup along the way, despite the currently turbulent capital market.”

About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents investors in the sale, purchase, and financing of apartment buildings and development land across the greater Seattle and Puget Sound region. The team of 10 brokerage professionals specializes in sale and financing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.

About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 62 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.

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