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

Property Image
SOLD
$77,800,000

Washington

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MultiFamily
Sold 02/26/2026
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Property Image
SOLD

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

31912 3rd Lane Southwest

See Similar Deals
MultiFamily
Sold 02/26/2026
the dealplayerscompscontact
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

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 Advisors
BROKERAGE
Bridge Investment Group
Bridge Investment Group
BUYER
Weidner Apartment Homes
Weidner Apartment Homes
SELLER
Berkadia
Berkadia
LENDER

Details

SOLD
IMAGE: 02/26/2026 ADDRESS: 31912 3rd Lane Southwest MARKET: Federal Way, WA ASSET TYPE: MultiFamily BUYER: Bridge Investment Group SELLER: Weidner Apartment Homes BROKER: Institutional Property Advisors LENDER: Berkadia SALE PRICE: $77,800,000 UNITS: 335 ~ PPU: $232,239 NOTE: Bridge Investment Group has acquired Seattle-area apartments for $77.8 million, marking a significant multifamily transaction in the region.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,149,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$276,406.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$368,811.69
Annual Debt Service$4,425,740.30