Challenge
Heartwood Apartments, a newly constructed community in the coveted Issaquah Highlands of Greater Seattle’s Eastside, presented a unique challenge in a competitive market. The seller sought to capitalize on the Pacific Northwest’s strong demand for high-quality multifamily assets but needed to navigate the complexities of a fully stabilized, premium property while achieving a top-tier price point.
Approach
Kidder Mathews deployed a strategic marketing approach to showcase Heartwood Apartments as a marquee asset in the thriving Issaquah submarket. Emphasizing the building’s prime location—on a mountain plateau with panoramic views of Lake Sammamish and the Cascades—paired with its comprehensive suite of modern amenities, the team highlighted the intrinsic value and long-term investment potential. Kidder Mathews leveraged targeted outreach to source a buyer directly, ensuring a smooth and efficient transaction process.
Results
The tailored marketing and strategic outreach resulted in the successful sale of Heartwood Apartments for $103,750,000. The transaction reflects the continued vibrancy of the Pacific Northwest apartment market and demonstrates the demand for high-quality assets in premier locations.
Broker/s and client represented
Dylan Simon, Matt Laird, and Jerrid Anderson of Kidder Mathews represented the seller. The buyer was directly sourced by the team.