Amistad Apartments

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    The 10-property portfolio is located near the University of Washington, in one of the fastest growing housing markets in the U.S. The acquisition marks the company’s largest commercial real estate debt transaction to date.

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    The 706-bed community offers a mix of studios and two- to five-bedroom units averaging 1,116 square feet. Additionally, 114 Earle includes 7,000 square feet of retail space.

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    Cumberland Holdings purchased the one- and two-bedroom community, which is undergoing upgrades to the windows and sliders.

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    Colliers brokered the sale of the 44-unit Bay View independent living community to SMG Inc. The asset is located on a 5.2-acre lot that is suitable for additional development.

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    While popular urban markets on the East and West coasts are seeing more apartment units created than jobs, Midwestern metros like Indianapolis, Des Moines and the Twin Cities are experiencing significant job growth and a dearth of multifamily housing to support it.

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