Seattle & Northwest + Seattle + Apartments | May 1, 2023

Kidder Mathews Closes Off-Market Sale of Redmond Apartments

Winslow Lee and Jerrid Anderson of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, represented the buyers in the sale of the Heritage Green Apartments located in Redmond, WA. The acquisition included 38 units across six buildings with a purchase price of $15,236,000.

“In an uncertain environment, we were able to work with a well-respected investor to buy the property off market,” said Lee. “It was important for the seller to work with a credible group who could provide the highest amount of certainty they’d be able to close on the property.”

This sale follows an already active 2023 for the Simon and Anderson team, having closed 13 transactions so far this year with nine more closings set for the second quarter.

Built in 1991, Heritage Green is located at 8370 166th Ave Northeast in a sought-after Redmond neighborhood surrounded by ample amenities including schools, retail centers and healthcare facilities.

Connect

Inside The Story

Kidder Matthews' Lee

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints