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31912 3rd Lane Southwest

Bridge Investment Group Acquires Multifamily Asset From Weidner Apartment Homes For $77.8M In Federal Way
SOLDMultiFamily

Bridge Investment Group Acquires Multifamily Asset From Weidner Apartment Homes For $77.8M In Federal Way

31912 3rd Lane Southwest

$77,800,000

Units

335

Asset Type

MultiFamily

Closing

Feb 26, 2026

AI

The property asset involved in this transaction is a multifamily unit located at 31912 3rd Lane Southwest, Federal Way, WA. Bridge Investment Group purchased the asset for a total of $77,800,000. The multifamily property comprises 335 units, with a price per unit calculated at $232,239.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $77,800,000
  • Buyer: Bridge Investment Group
  • Seller: Weidner Apartment Homes
  • Broker: Institutional Property Advisors
  • Lender: Berkadia
  • Units: 335
  • Price Per Unit: $232,239

This transaction highlights the involvement of key players in the multifamily sector. Bridge Investment Group, serving as the buyer, confirms its investment strategy in the Seattle-area market. Institutional Property Advisors acted as the broker representing the transaction, facilitating the deal between the buyer and seller, Weidner Apartment Homes.

Players

Institutional Property Advisors
Institutional Property AdvisorsBrokerage
Bridge Investment Group
Bridge Investment GroupBuyer
Weidner Apartment Homes
Weidner Apartment HomesSeller
Berkadia
BerkadiaLender

Federal Way MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93