Sagard Real Estate Acquires 222-Unit Terra At Monroe For $66.5M From Coast Property Management

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.