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

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.