National Network, Local Multifamily Expertise in Seattle and the Pacific Northwest.
Multifamily Division Track Record
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$26.23 Billion
Value of Recently Closed Transactions
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2,734
Closed Sales in Most Recent Year
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$2.5 Billion
Total Value of Recent Listings
Closing Spotlight: Maximizing Value for an Original Developers Trophy Asset
The Morse Multifamily Group was engaged to sell Woodlawn I & II, a condo-quality Green Lake asset of 16 spacious apartment homes averaging 1,008 SF over 3,820 SF of professional office space. At the time of assignment, the building had limited occupancy. Rather than take the property to market as-is, the team advised ownership through a full lease-up, bringing in a local office leasing broker and setting market rents that brought the building to 100% occupancy. The resulting leases and oversight led by Jake Morse were executed at the highest rates ownership had seen in 34 years of holding the property. This created a more financeable, stabilized income stream to present to the market. Premium finishes, private rooftop patios, and 27 secured garage stalls we’re a few highlighted amenities, with more than 20 tours conducted. The asset was awarded to a local buyer with minimal contingencies and closed at the same price they entered contract at.
