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Seattle & Northwest  + Washington  + Apartments  |  November 21, 2023
Jasmine Kilman
By: Jasmine Kilman

Colliers Completes $17M Sale of Olympia MF Community

Colliers has closed the sale of the Fern Ridge apartment complex located at 1309 Fern Street SW in Olympia, Washington. Built in 1994, Fern Ridge is a 99-unit property with one-, two- and three-bedroom layouts, averaging around 775 square feet per unit.

The Colliers PNW team, consisting of Casey Winkler, Sean Worl, and Ken Verbeck, represented both the seller, Transpacific Investments, and the buyer, Glencrest Group. “This transaction represents a resurgence of compelling value-add multifamily investment opportunities amid capital market volatility and rising interest rates,” said Worl.  

Fern Ridge is conveniently located near a variety of shopping, dining, and entertainment destinations, such as the Capital Mall. The property is also within a ten-minute drive of the Washington State Capitol building.

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ColliersGlencrest Group

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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