44th & Hoyt Apartments

The 44th and Hoyt Apartments are in a well located suburban neighborhood of Everett. The asset is comprised of two parcels and two triplex buildings.
Everett has seen a boom in rental rate growth. Since January 2021, rents in this market have risen 6%, making this deal perfectly poised for repositioning through a value-add strategy. We expect this trend to continue as a host of transportation options are coming available in preparation of the eventual addition of the Light Rail in Everett.