Keen-Summit Capital Partners LLC, a reputable real estate brokerage and investment banking firm based in New York, has been chosen to oversee the sale of a multi-family real estate portfolio. The portfolio includes four apartment complexes owned by Harbor Custom Development, which is looking to liquidate its assets as part of their Chapter 11 bankruptcy filing.
According to Matthew Bordwin, Principal and Co-President at Keen-Summit Capital Partners, this high-quality multi-family portfolio presents an excellent opportunity for investors due to the thriving real estate market in the Pacific Northwest region.
The properties included in the portfolio are Belfair View Apartments with 228 units currently under development. Phase 1 was completed in February 2023 with occupancy rate at 82 out of total of126 units. Phase two will add another102 units upon completion.
In Port Orchard there is Bridgeview Trail Apartments comprising138 Units where horizontal construction has already been finished while Meadowscape Apartments located Olympia were completed backin2023 featuring177 Units but only21 percent occupied.Pacific Ridge Apartments situated Tacoma were finalized last year providing80-unitsandcurrentlyoccupyingnearly74percentoftheavailable space.
