Highland Green Apartments, a garden-style apartment complex totaling 96 units in Kent, Washington sold for $23,500,000 in an on-market sale by Kidder Mathews. The seller was a private family that owned the property for over 20 years.
Dylan Simon, Brandon Lawler, and Jerrid Anderson of the Simon and Anderson team, a multifamily investment team based in Kidder Mathews’ Seattle headquarters, represented the seller. The buyer is a California-based company with holdings across the nation. Kidder Mathews sourced the buyer and was the only broker involved in the transaction.
Located at 10105 SE 236th Street, Highland Green was built in 1991 and a majority of its units are comprised of classic interior finishes. A sales price of nearly $245,000 per unit proves continued investor demand for apartments in Kent. The property is very well-maintained and attracted a large pool of buyers, with over 14 groups offering to purchase the property.
“We want to thank seller and buyer for an extremely smooth transaction,” said Lawler. “Having a very experienced and capable buyer was vital for this transaction to close inside of 60 days given current volatile market conditions. We were excited to play a role in this sale.”
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 20 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 52 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.