American Capital Group Acquires 557 Unit Multifamily Portfolio From Goodman Real Estate For $102.6M

The transaction involved the sale of three multifamily properties located at 11216 18th Avenue South, 1809 105th Street Court South, and 416 111th Street Court East in Tacoma, WA. The total sale price for the portfolio was $102,600,000, which comprises 557 units across the properties. The price per unit (PPU) was recorded at $184,201.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $102,600,000
• Buyer: American Capital Group
• Seller: Goodman Real Estate
• Brokers: Anthony Palladino, Giovanni Napoli, Nicholas Ruggiero, Philip Assouad & Ryan Harmon - Institutional Property Advisors
• Units: 557
• Portfolio includes: Miramonte, Monterra, and Heatherstone Apartments

This transaction reflects the negotiation and collaborative efforts of the brokers, representing the institutional seller and facilitating the sale to the buyer. The properties are situated in Tacoma’s Parkland neighborhood and offer various amenities, enhancing their value in the market.