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BELLEVUE, WA-The Palo Alto, CA-based value-add multifamily investor pays $22.3 million for the 20-year-old complex. A company source tells GlobeSt.com it took over management of the property 60 days prior to closing, time it used to raise occupancy from 85% to more than 95%.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!