Case Study: Hamilton Urban Partners achieves a successful $8M apartment acquisition with Lee & Associates

Hamilton Urban Partners closes $8M Lake Union apartment deal with Lee & Associates

Lee & Associates was hired by Hamilton Urban Partners to sell a 24-unit apartment building in Seattle during a period of significant economic uncertainty. The challenge was to expedite the sale amidst a looming recession and frequent interest rate hikes, which created volatility in the market and uncertainty around lending options for a transaction of this size.

The solution implemented by Lee & Associates involved preparing comprehensive marketing materials and due diligence documents swiftly to generate significant local and national interest. Their team provided clear communication and experienced guidance, navigating the complex sale process to secure a successful closing at a sale price of $8 million. The vendor's effective management resulted in a satisfied buyer and seller, with the property achieving a current cap rate of 3.66%.

Hamilton Urban Partners