Pullman Multifamily Portfolio Closes

PULLMAN –

Westlake Associates, Inc. is excited to announce the closing of the Northwood Manor and Outlook Apartments in Pullman, WA. These were both LIHTC properties totaling 102 units, trading at $63,000 per unit. At time of closing, both properties were operating approximately at a combined 40% vacancy rate which made it quite challenging to achieve new financing. These properties were listed by brokers, Matthew Moloney, Chad Martini, and David Petersen.