Kidder Mathews Closes Washington Community Sale

1 min read

Brandon Lawler, Dylan Simon and Jerrid Anderson brokered the acquisition of the 26-unit property in Lakewood.

Clover Meadows Apartments. Image via Google Street View

Kidder Mathews has arranged the off-market sale of Clover Meadows Apartments, a 26-unit property in Lakewood, Wash. Sound Residential Investments, led by President Michael Delaney, acquired the asset from a private investor for $3.3 million. Public records show that First Financial Northwest Bank provided the buyer with a $2.6 acquisition loan. 

Kidder Mathews Executive Vice Presidents Dylan Simon and Jerrid Anderson along with Associate Broker Brandon Lawler represented the buyer. Earlier this month, the same team brokered a nearly $12 million off-market sale of a 63-unit property in Tacoma, Wash.

The seller had renovated the 1968-built community’s interiors prior to the sale. The two-building asset is located at 12517 47th Ave. SW, 40 miles south of central Seattle and less than 10 miles from Tacoma. The 1.6-acre parcel is within 1 mile of Interstate 5 and the Lakewood train station. McChord Air Force Base is on the property’s eastern edge.

If you’d like to be featured in Brokers’ Corner, simply fill in our short form or send your deal to [email protected].

You May Also Like

The latest multifamily news, delivered every morning.

Latest Stories

Like what you're reading? Subscribe for free.