Marcus & Millichap’s Institutional Property Advisors Brokers Three Multifamily Property Sales in Tacoma for $102.6 Million
Marcus & Millichap's IPA division has announced the $102.6 million sale of three multifamily properties in Tacoma, Washington, totaling 557 units. The properties - Monterra (280 units), Miramonte (120 units), and Heatherstone Apartments (157 units) - were sold by Goodman Real Estate to American Capital Group. Located in Tacoma's Parkland neighborhood, the properties offer easy access to major employment hubs, educational institutions, and retail centers. Built between 1990-1993, all properties feature amenities including swimming pools, clubhouses, and various unit upgrades.
La divisione IPA di Marcus & Millichap ha annunciato la vendita di 102,6 milioni di dollari di tre proprietà multifamiliari a Tacoma, Washington, per un totale di 557 unità. Le proprietà - Monterra (280 unità), Miramonte (120 unità) e Heatherstone Apartments (157 unità) - sono state vendute da Goodman Real Estate a American Capital Group. Situate nel quartiere Parkland di Tacoma, le proprietà offrono un facile accesso ai principali centri occupazionali, istituti educativi e centri commerciali. Costruite tra il 1990 e il 1993, tutte le proprietà dispongono di comfort come piscine, club e vari miglioramenti delle unità.
La división IPA de Marcus & Millichap ha anunciado la venta de 102.6 millones de dólares de tres propiedades multifamiliares en Tacoma, Washington, que suman 557 unidades. Las propiedades - Monterra (280 unidades), Miramonte (120 unidades) y Heatherstone Apartments (157 unidades) - fueron vendidas por Goodman Real Estate a American Capital Group. Ubicadas en el vecindario Parkland de Tacoma, las propiedades ofrecen fácil acceso a importantes centros de empleo, instituciones educativas y centros comerciales. Construidas entre 1990 y 1993, todas las propiedades cuentan con comodidades como piscinas, casas club y varias mejoras en las unidades.
Marcus & Millichap의 IPA 부서는 워싱턴주 타코마에 있는 세 개의 다세대 주택 판매금액 1억 2천6백만 달러를 발표했습니다. 총 557개 유닛으로 구성된 이들 주택 - 몬테라(280유닛), 미라마운테(120유닛), 헤더스톤 아파트(157유닛) - 는 굿맨 리얼 에스테이트에 의해 아메리칸 캐피탈 그룹에 판매되었습니다. 타코마 파클랜드 지역에 위치한 이들 주택은 주요 고용 센터, 교육 기관 및 소매 센터에 쉽게 접근할 수 있습니다. 1990년에서 1993년 사이에 지어진 모든 주택은 수영장, 클럽하우스 및 각종 유닛 업그레이드와 같은 편의 시설을 갖추고 있습니다.
La division IPA de Marcus & Millichap a annoncé la vente de 102,6 millions de dollars de trois propriétés multifamiliales à Tacoma, Washington, totalisant 557 unités. Les propriétés - Monterra (280 unités), Miramonte (120 unités) et Heatherstone Apartments (157 unités) - ont été vendues par Goodman Real Estate au American Capital Group. Situées dans le quartier Parkland de Tacoma, ces propriétés offrent un accès facile aux principaux pôles d'emploi, établissements d'enseignement et centres commerciaux. Construites entre 1990 et 1993, toutes les propriétés disposent d'équipements tels que des piscines, des clubhouses et diverses améliorations des unités.
Die IPA-Abteilung von Marcus & Millichap hat den Verkauf von 102,6 Millionen Dollar für drei Mehrfamilienhäuser in Tacoma, Washington, bekannt gegeben, die insgesamt 557 Einheiten umfassen. Die Immobilien - Monterra (280 Einheiten), Miramonte (120 Einheiten) und Heatherstone Apartments (157 Einheiten) - wurden von Goodman Real Estate an die American Capital Group verkauft. Die Objekte befinden sich im Stadtteil Parkland in Tacoma und bieten einfachen Zugang zu wichtigen Beschäftigungszentren, Bildungseinrichtungen und Einkaufszentren. Die zwischen 1990 und 1993 erbauten Immobilien verfügen über Annehmlichkeiten wie Schwimmbecken, Clubhäuser und verschiedene Verbesserungen der Einheiten.
- Significant transaction value of $102.6 million demonstrates strong market presence
- Strategic location in a market with high housing demand imbalance
- Properties are situated near major transportation routes and employment centers
- All properties feature modern amenities and potential for rental upside
- Properties are relatively older (built in early 1990s) which may require increased maintenance costs
Insights
This
The location offers strong fundamentals with proximity to major employment centers, military installations and educational institutions. Tacoma's severe housing imbalance creates a favorable environment for rental growth. The buyer, American Capital Group, with
The transaction demonstrates continued institutional interest in suburban multifamily assets with value-add potential, particularly in markets with strong employment drivers and new supply. The per-unit pricing reflects current market conditions while leaving room for appreciation through strategic improvements.
“Located in a multifamily market with one of the largest housing imbalances in the nation, these acquisitions provide the buyers with opportunity to capitalize on embedded rental and operational upside,” said Giovanni Napoli, IPA executive director.
The properties are in Tacoma’s Parkland neighborhood, which is easily accessible from Interstate 5,
Miramonte is a 120-unit property constructed in 1991. Community amenities include an outdoor fireside lounge, swimming pool, and fitness center. The property’s one-, two- and three-bedroom units have fireplaces, large kitchens, and walk-in closets.
Built in 1990, Monterra is a 280-unit asset with an outdoor swimming pool, barbecue area, and a clubhouse with an indoor pool and spa. The property’s one-, two- and three-bedroom apartments have vaulted ceilings, fireplaces, and full-size washers and dryers.
Completed in 1993, Heatherstone Apartments is a 157-unit, 11-residential building property. Ten of the units were built in 1993, and one unit was completed in 2009. Community amenities include a clubhouse with a lounge and leasing office, heated outdoor swimming pool, and a dog park. Apartments have washers and dryers, and a private balcony or patio with storage.
About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately
About American Capital Group
Founded in 1986, American Capital Group (ACG) is an experienced, vertically integrated development and investment company. With a focus on multifamily opportunities in the
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Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com
Source: Marcus & Millichap, Inc.
FAQ
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When were the three Tacoma properties sold by Marcus & Millichap (MMI) originally built?
