100 6th Ave South Seattle, WA 98104

• Identified a prime investment opportunity in Seattle’s International District
• Strong submarket demand for quality vintage studios and one-bedroom apartments
• Property benefited from prior plumbing and electrical upgrades completed in the late 1990s
• Enhanced the asset with modern updates while preserving historic charm
• Achieved significant rent growth post-renovation
• Successfully refinanced the property within 12 months of execution

Financials:

• Purchase Price (2014): $5.64 million
• Refinanced the property within 12 months of execution
• Sold interest to joint venture partner