Kidder Mathews Sells 32-Unit Spokane Apartment Complex

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Max Frame of the Simon Anderson team, a multifamily investment team at Kidder Mathews, represented the seller in the sale of The Turning Leaf Townhomes in Spokane, Washington for $2,837,500. The property is located at 20 E. Pineridge Ct. This is the Simon Anderson team’s ninth closing in 2024, including five sold by Frame in Spokane County.

The Turning Leaf Townhomes comprises 32, light value-add, two-story units. Built in 1988 as a standard, market-rate apartment building, previous ownership operated the building as short-term, extended-stay rentals — along with The Autumn Leaf Apartments in Airway Heights, a 24-unit, turn-key complex, which Frame sold in February, making this a successful portfolio sale.

“After falling out of contract a few times due to the volatile real estate environment we are currently experiencing, it was great to see this sale get over the finish line with an experienced and excited buyer,” said Frame. “All parties worked very well together and made this a very enjoyable transaction to work on.”

About Max Frame
Working out of Kidder Mathews’ headquarters in Seattle, Washington, Max Frame specializes in representing sellers and buyers in the sale of Eastern Washington apartments. Born and raised in Eastern Washington, he combines his local knowledge and expertise of these markets with Kidder Mathews’ national exposure and outreach. Frame works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team.

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 apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 10 brokerage professionals specializes in the sale and purchasing 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 over 900 real estate professionals and staff in 19 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $10 billion in transactions, manages 53 million square feet of space, and conducts 2,600 appraisal, consulting, and cost segregation assignments annually (3-year average). For more information, visit kidder.com.

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