899 UNITS SOLD • 11,841 UNITS ANALYZED • 42 COUNTIES SERVED
SPOKANE,WASHINGTON
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Diligence in the listing process pays dividends at closing
In September 2021, the ownership group of Irving Place wanted to close by the end of the year, so they hired Multifamily Mason to expose the asset to the most qualified Inland Northwest multifamily investors. As the local market expert, Mason invited his exclusive buyers network to tour the property ahead of a public launch. During tours, Mason’s team discovered a major CapEx requirement not previously budgeted for, brought in a local contractor, and identified a solution at ⅓ the cost of the current owner’s solution. As a result, all exclusive buyers submitted offers above pricing guidance, we negotiated non-refundable deposits, and went from listing-to-close in 99 days, setting a market best in-place cap rate.
learn moreOne-on-one dedicated outreach finds the buyer
The owner of brand new construction in Pendleton, Oregon had previously listed his property for sale with a commercial broker who could not procure a single offer for six months. Our team met with the owner who needed the capital for a 1031 exchange purchase, and identified the current listing issues, namely, incorrectly priced, lacking broad exposure, and leaving buyer questions unanswered. We completed a thorough property analysis, identifying keep deal story points, sourced debt and property management quotes, and re-launched to our engaged buyers network as well as the public market across the Western US. Mason made 145 direct phone calls to buyers specific to this deal, and ultimately sourced multiple offers, providing a smooth closing process and successful 1031 exchange for the Seller in a changing and challenging market in late 2022.
learn moreCreative sales strategies helped us achieve client’s long-term investing goals
The owner of two development sites across Spokane had owned the land for multiple generations. Their plans were to transition equity from vacant sites into cash flowing assets. The Multifamily Mason team met with the owners and identified an opportunity to maximize the sale value of their sites with broad-based marketing and deal storytelling, the opposite of how most sites are sold in Spokane. We targeted and reached out directly to hundreds of regional and local developers with multifamily-specific development data, renders, and proforma inputs. In addition, during our negotiations with buyers, we devised a creative seller financing strategy that both maximized the sale price and immediately converted the owners equity into cash flow - meeting all the Sellers goals. Ultimately, the Spokane Valley site closed at $22,727 per buildable unit, far above market value.
learn moreOur team is the multifamily authority across the Inland Northwest. We focus exclusively on multifamily investment sales, working with owners, investors, and developers. As the only local specialist, we have consistently proven that our platform achieves maximum value for our clients. In addition, we work to build long-term relationships by equipping investors with market insights and deal opportunities at every turn.
in middle market multifamily in the Inland Northwest
sold across the Inland Northwest in the last 2 years
analyzed by our team on behalf of multifamily owners
I live in the Tri-Cities with my family of four. After working in the consumer goods industry and after living in Charlotte, New York, and San Francisco, my wife and I moved home to the Inland Northwest to raise our young family. We love these markets and have family in nearly every corner of the Inland Northwest.
Multifamily investment sales, Owner Representation
Multifamily investment sales, Buyer Representation
Valuation of existing multifamily assets and development sites
Provide investors with market insights, data, and trends
Connect clients with a team of local experts in each market
Long-Term portfolio planning for generational owners
“We did not fully believe Mason’s valuation of Irving Place at first, but he delivered above our expectations and on a record timeline, just 99 days from listing agreement to closing.”
Bob Bennett
Principal, Client
“We did not fully believe Mason’s valuation of Irving Place at first, but he delivered above our expectations and on a record timeline, just 99 days from listing agreement to closing.”
Bob Bennett
Principal, Client
This was our fourth acquisition working with Mason and his team and each time they exceed our expectations. Mason represented us as a buyer and presented value from day one with a thorough understanding of the seller, the deal, and the market. He provided us with a deep dive into the South Hill submarket, rent comps, and asset-level insights that we hardly ever receive in the acquisition process. Mason strategically negotiated on our behalf leading to a major pricing discount and a fantastic deal for our team’s sixth acquisition in the Inland Northwest markets. We’re glad to have Mason on our team as an investor in this project and will continue to leverage his expertise across our multifamily portfolio.
Alex Mason
Norkirk Capital
“Mason continually adds value and provides insight to our team. We send all our Eastern Washington buyers to him and know he’ll provide excellent service and insights.”
Joleene Larson
Vice President, Avenue5
“Mason’s ongoing expertise and advisory has enabled us to view our properties in a new light, and based on Mason’s evaluation and guidance, we are executing full-scope value-add renovations and achieving record submarket rental rates in Pasco.”
Viraf Pudumjee
DHIJ Management
We’ve worked with Mason for about 2 years on the sale of our Walla Walla assets. He first helped coordinate the sale of the Rose Building and then most recently the sale of Red Roof, our 10-unit multifamily asset in Walla Walla. Mason worked with multiple buyers over the past year to ultimately find the closer, and as the market was changing. We’re confident that Mason’s Exclusive Buyer’s Network and his 1:1 effort in reaching out to buyers, communicating the deal story, and highlighting the value in the market was what got this deal across the finish line. Plus, his ability to work with our property manager, find contractors for work required, and his local knowledge was unmatched. We’d highly recommend working with Mason and his team on any multifamily deal.
Roger Quiring
Red Roof Owner
This was our first commercial multifamily acquisition. Mason made sure we saw 20+ deals before we found the Red Roof. He guided us through evaluating those deals, identifying which deals worked or didn’t and why, and ultimately found us this deal using creative financing. Once we secured the deal, Mason and his team coordinated every step along the way, connecting us with property managers, contractors, and third parties to make this a seamless acquisition. Ultimately, we landed a fantastic deal in a growing market and we’re ready to do the next one just like it!
Jeff & Maggie Grimm
Multifamily Investors
Dec 1, 2022
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Apr 7, 2023
In September 2021, the ownership group of Irving Place wanted to close by the end of the year, so they hired Multifamily
In September 2021, the ownership group of Irving Place wanted to close by the end of the year, so they hired Multifamily
Apr 6, 2023
The owner of the two development sites across Spoken had owned the land for multiple generations. Their plans were to...
The owner of the two development sites across Spoken had owned the land for multiple generations. Their plans were to...
Apr 6, 2023
After working with another commercial broker who produced zero offers in six months; our team quickly got to work...
After working with another commercial broker who produced zero offers in six months; our team quickly got to work...
Reach out to our team today. We look forward to hearing from you and are happy to help with any of your multifamily and Inland Northwest needs.