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Seattle & Northwest  + Seattle  + Apartments  | 

Cadence Claims Seattle Affordable Housing Asset

Cadence Real Estate acquired The Lowman Building in Seattle, WA for $13 million. The seller of the 89-unit affordable housing property, in downtown Seattle’s vibrant, historic Pioneer Square neighborhood at 107 Cherry St., was Evergreen Housing Development Group LLC.

Built in 1906 and renovated in 2005, the designated historic building offers all 89 of its studio apartments to those making 60% of area median income or less, with 10% of the units available to tenants utilizing Section 8 vouchers.

Cadence Principals, Chris Garvin and Barrett Johnston say, “The Lowman Building acquisition represents a new market for Cadence, providing us with an opportunity to enter the affordable housing market and maintain the current affordable housing stock in the City of Seattle.”

CBRE Affordable Housing’s Johnathan Smith and Ben Barker represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With Cadence’s Garvin & JohnstonConnect With Evergreen Housing Development GroupConnect With CBRE Affordable Housing’s Smith

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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