facebook
Traded Co logo
Submit
Daily limit: 0/10

Epic Asset Management Acquires 243-Unit Postmark Apartments In Shoreline For $82.75M

Property Image
SOLD
$82,750,000

Washington

See Similar Deals
MultiFamily
Sold 10/23/2025
the dealdetailscomps
Property Image
SOLD

Epic Asset Management Acquires 243-Unit Postmark Apartments In Shoreline For $82.75M

17233 15th Avenue Northeast

See Similar Deals
MultiFamily
Sold 10/23/2025
the dealdetailscomps

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved the acquisition of Postmark Apartments, a multifamily asset located at 17233 15th Avenue Northeast in Shoreline, WA. The sale price for this property was $82,750,000, which translates to approximately $340,535 per unit for the 243 units in the complex. The deal was financed with a $42 million loan from Nationwide Life and Annuity Insurance Co.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $82,750,000
  • Buyer: Epic Asset Management
  • Seller: Wolf Co
  • Broker: Kidder Matthews
  • Units: 243
  • Price Per Unit: $340,535
  • Financing: $42 million loan from Nationwide Life and Annuity Insurance Co.

This transaction marks a significant expansion for Epic Asset Management, increasing its Puget Sound portfolio to over 5,000 units. The involvement of Kidder Matthews as the broker facilitated the successful completion of this deal.

Players

Kidder Mathews
Kidder Mathews
BROKERAGE
WC
Wolff Co
SELLER

Details

SOLD
IMAGE: 10/23/2025 ADDRESS: 17233 15th Avenue Northeast MARKET: Shoreline, WA ASSET TYPE: Multifamily BUYER: Epic Asset Management SELLER: Wolf Co BROKER: Kidder Matthews SALE PRICE: $82,750,000 UNITS: 243 ~ PPU: $340,535 NOTE: Epic Asset Management acquired the 243-unit Postmark Apartments in Shoreline, Wash., for $82.75 million ($340,534 per unit) from Wolff Co. The deal, financed with a $42 million loan from Nationwide Life and Annuity Insurance Co., expands Epic’s Puget Sound portfolio to over 5,000 units.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,413,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$293,993.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$392,277.22
Annual Debt Service$4,707,326.60