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  Martha Lake Apartments
Martha Lake Apartments
16626 6th Avenue West
Lynnwood, WA 98037
155-unit Apartment Community
Strategy: Reposition and exterior improvements
Acquired: March, 2011
Status: Repositioning
 
   
Investment Highlights
Trinity handled the due diligence and capital repositioning strategy formulation and execution for Martha Lake Apartments, a 155-unit apartment property located in the north Seattle suburban residential community of Lynnwood. The investment represented an opportunity to purchase a stabilized asset at a purchase price at 65% of replacement cost.
In partnership with owner Helix Funds, Trinity is performing asset management oversight, with a focus on a strategy of optimizing rents, driving occupancy, and prudently targeting capital projects in order to maximize property performance.
 


 
         
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