Colliers International Sells Evergreen Apartment Homes in Federal Way
Seattle Multifamily Team Represents Owner in the Sale of the 132-Unit Apartment Community
Seattle, April 24, 2019 – Dylan Simon and Jerrid Anderson of Colliers International’s Seattle Multifamily Team closed the sale of Evergreen Apartment Homes in Federal Way, a suburb of Seattle, on Wednesday, April 24, 2019.
Comprising 33 buildings, the 132-unit property was built in 1988 and underwent interior renovations in 2017 and 2018. This one-of-a-kind, garden community sits on 20 acres and offers residents townhouse-style units that surround a large, private park with scenic walking trails, picnic and BBQ areas, and a dog park.
Located in the south end of Federal Way, Evergreen Apartment Homes is central to regional job centers, including Seattle, the Kent Valley, Tacoma, and Joint Base Lewis-McChord. Already abundant with lifestyle amenities such as The Commons at Federal and the new Performing Arts and Events Center, Federal Way is poised to continue growing with a recent “Opportunity Zone” designation and the Link light rail arriving in 2024.
Dylan Simon, Executive Vice President, and Jerrid Anderson, Senior Vice President represented the seller, FPA MultiFamily. The buyer was not represented by a broker.
In the Press
- Federal Way’s Evergreen Apartment Homes Sells for $33.4MM – The Registry
- 132 Federal Way units sell for $33M – Daily Journal of Commerce