SEATTLE—San Diego-based real estate investment firm Strata Equity Group, in partnership with a private Mexican investor group, has acquired a five-property multi-family portfolio from an institutional owner. The seller was advised by Moran & Company's Chris Ross and Jeff Williams.
The portfolio is located in the northern submarkets of Seattle which increases Strata's unit count in the Pacific Northwest to more than 1,200 units within the Portland and Seattle MSAs. The acquisition was capitalized with equity from Strata's private investor group and financed with five separate fixed rate loans from Freddie Mac via the CBRE Capital Markets team in San Diego.
"We have further expanded and diversified Strata's national multi-family portfolio to deliver attractive, risk-adjusted cash yields to our investors," said David Michan, Strata's president. "Financing these investments with long-term, fixed rate debt further complements our long-term commitment to owning quality assets in the nation's strongest markets."
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
