Home Investing With Us Properties Arbor Hills Apartments Avia Apartments Bella Vista Apartments Canyon River Ranch Kent Business Center La Plaza Midway Lexington Apartments The Marlborough Martha Lake Apartments Seattle Tower University Portfolio Advisory Services Management Services About Us Contact Us		The Marlborough 1220 Boren Avenue Seattle, WA 98101 83-unit Apartment Community Strategy: Redevelopment Acquired: October, 2010 Status: Completed and Stabilized   Investment Highlights The Marlborough (www.marlboroughseattle.com) was a partially completed failed condominium conversion that was foreclosed by the prior owner's lender. Built in 1927, The Marlborough is a historically significant brick and terra cotta building that was one of Seattle's first residential high rises. Trinity, in partnership with Helix Funds, acquired the property from the lender after the prior owner was unable to complete construction due to the downturn in the housing market. Trinity formulated and successfully executed on a $2.6 million redevelopment and restoration project that included completion of apartment interior units, steam system upgrades, exterior enhancements and the completion of new plumbing, electrical and mechanical systems. Trinity delivered the project on time and on budget and successfully leased-up the property to stabilization in 4 months at rents 15% above pro-forma levels.
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