Our Approach

Once hired, our team took swift action to prepare marketing materials and gather complete due diligence documents prior to releasing the building to the market. The team then created a comprehensive marketing program which generated significant interest locally and nationally.

While on the market, interest rates fluctuated constantly, increasing 150 basis points during the active marketing phase. This created further uncertainty in lending options, a critical aspect of apartment sales of this size.

Despite the unpredictability of the market, the Lee & Associates Seattle's multifamily team was able to engage active investors, run an extensive series of tours, and qualify several buyers for the building. Ultimately, a local group with a strong track record in multifamily development in the Pacific Northwest was enticed by the opportunity to restore this mid-century modern classic to its original grandeur.

The Outcome

LHaving more than 20 years of experience selling apartments in the Seattle apartment market, the Lee & Associates Multifamily team anticipates opportunities and challenges in changing market conditions. By providing clear communication, experienced guidance, and building rapport throughout the process, our team created the necessary stability by managing uncertainty for both Buyer and the Seller. The Lee & Associates Seattle's multifamily team successfully navigated the complexity of the sale process by working cohesively with all parties, including escrow, lender and the property management team to result in a successful closing.