**Kidder Mathews Arranges $35.2M Sale of Three-Property Multifamily Portfolio in Seattle**
A three-property multifamily portfolio totaling 215 units has been sold for $35.2 million in Seattle. The transaction was facilitated by Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews.
The seller, longtime private owner John Stephanus, had held the properties for more than 50 years. The buyer, Vista Investment Group, a Los Angeles-based firm, completed its first multifamily acquisition in the Seattle market with this purchase.
The portfolio includes three historic brick buildings located in Seattle’s urban core:
– The 67-unit Charbern Apartments
– The 76-unit Stockbridge Apartments
– The 72-unit Carolina Court Apartments
The properties were marketed through a competitive process that generated strong interest, including 33 separate property tours.
“This portfolio offered immediate scale in Seattle’s urban core and strong long-term fundamentals,” said Dylan Simon. “Vista recognized the value and moved quickly to secure all three assets as they expand into the Pacific Northwest.”
