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San Diego Firm Buys Seventh Area MF

FEDERAL WAY, WA—Pathfinder Partners has acquired the 126-Unit Cedardale Apartments in Federal Way near Seattle.

By David Phillips | Updated on June 02, 2015

FEDERAL WAY, WA—Continuing the expansion of its multifamily value-add platform, California-based Pathfinder Partners, LLC has acquired Cedardale Apartments—a 126-unit multifamily community located at 2501 SW 336th St. $13.6 million.

Cedardale was built as condominiums in two phases, between 1981 and 1983, and is currently operated as a rental community. The 13 two-story buildings consist of one- and two-bedroom units ranging from 608 to 905 square feet and several common area amenities – including a multi-purpose clubhouse/leasing office, children’s “tot lot” and basketball court. Federal Way is a suburb south of Seattle.

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