Updated Sep 8, 2026
Sagard Real Estate Acquires 222-Unit Terra At Monroe For $66.5M From Coast Property Management
18463 Blueberry Lane
$66,500,000
Units
222
Asset Type
MultiFamily
Closing
Jul 17, 2026
About this deal
AI
The multifamily asset involved in the transaction is located at 18463 Blueberry Lane SE in Monroe, Washington. It consists of 222 units and was sold for $66.5 million, which equates to approximately $299,549 per unit. The property was constructed in 1991.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $66,500,000
- Address: 18463 Blueberry Lane SE
- Market: Monroe, WA
- Units: 222
- Price Per Unit: $299,550
- Buyer: Sagard Real Estate
- Seller: Coast Property Management
- Broker: Kidder Mathews
- Financing: $44.04 million Fannie Mae loan arranged by Walker & Dunlop
The transaction saw Sagard Real Estate as the buyer and Coast Property Management as the seller, facilitated by Kidder Mathews. The financing for the acquisition was supported by a loan originated by Walker & Dunlop, showcasing the involvement of multiple parties in the closing of this deal.
Players
Monroe MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93