CEP Multifamily Acquires 196-Unit Kerf Apartments In Bellingham From One Trent For $50M

The asset involved in the transaction is a multifamily property located at 208 North Samish Way in Bellingham, WA. The property consists of 196 units and was sold for $50 million, which equates to approximately $255,102 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Address: 208 North Samish Way
• Market: Bellingham, WA
• Unit Count: 196
• Price Per Unit: $255,102
• Buyer: CEP Multifamily
• Seller: One Trent
• Broker Representatives: David Young, Corey Marx & Chris Ross - JLL

This transaction was facilitated by brokerage representatives David Young, Corey Marx, and Chris Ross from JLL, representing both sides of the deal. CEP Multifamily has successfully acquired the property, known as the Kerf Apartments, located in Bellingham’s Sehome neighborhood.