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Newly Delivered Vancouver MF Trades for Nearly $21M
Ginn Group divested Latitude 45, a 90-unit, garden-style apartment community in Vancouver, WA to an undisclosed private buyer for $20.5 million. The property is located at 11202 N.E. 20th St. in the Landover-Shamel neighborhood, which has numerous nearby entertainment and shopping options.
The community, which completed construction in July 2020, is comprised of one- and two-bedroom units averaging 975 square feet. Latitude 45 features a community clubhouse, package lockers, and green space.
JLL Capital Markets’ Ira Virden and Carrie Kahn brokered the sale. JLL’s Charlie Watson also worked on behalf of the buyer to secure a 10-year, fixed-rate $11.275 million acquisition loan through Fannie Mae. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.
Kahn says, “Strong absorption and demonstrated resiliency during this challenging environment highlight the continued demand from renters and investors for a well-located, high-quality apartment community.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


