StoryBuilt, a real estate firm currently facing financial challenges, has put its $2 billion development pipeline up for sale. The commercial and residential properties are being marketed by A&G Real Estate Partners and Onyx Asset Advisors through a receiver sale.
The portfolio includes 28 projects, with five properties in Seattle that are either partially or nearly complete. Other assets can be found in Austin, Denver, and Dallas. Interested buyers have the option to purchase the entire pipeline or individual properties.
Among the notable developments in Seattle is “Stanley,” a townhome project consisting of 19 units that is currently 75% finished in Georgetown. Another property available for purchase is “Josephine,” which has received approval for 380 apartment units.
Founded in 2009 as a real estate developer, StoryBuilt’s financial struggles have led to lawsuits and recent layoffs. In an effort to improve their finances, they have voluntarily entered receivership.
