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Kamiak Focuses on Urban Workforce Housing, Redevelopments

Kamiak’s initial strategy focuses on providing multifamily housing units with rents targeted those making less than 100% of median income, and assets needing significant renovation and repositioning capital.

Kamiak RE Partners Former Vulcan Real Estate executives Manuel Garibay and Scott Lien are now leading Kamiak.

SEATTLE—Kamiak Real Estate Partners, a real estate firm focused on acquiring, developing and operating niche multifamily and commercial assets in the greater Seattle region, plans to invest $250 million during the next three years on niche housing and commercial projects. Pipeline projects include urban workforce housing and commercial redevelopments.

The firm is led by multifamily/commercial industry veterans and former Vulcan Real Estate executives Scott Lien and Manuel Garibay. With nearly 20 years of experience in the real estate industry, Lien was involved in the early stages of Vulcan’s South Lake Union development pipeline before moving to London to focus on commercial investment for UK-based REIT Hammerson Plc. He later returned to Vulcan in 2011 before setting out in 2016 to kick-start Kamiak’s development pipeline.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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