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Follow on Google News | Pathfinder Partners Acquires Ninth Seattle-Area Multifamily CommunityBy: Pathfinder Partners Built in 1982, the community is situated on 5.7 acres and includes 12 two-story residential buildings comprised of 68 one-bedroom/ According to Lorne Polger, senior managing director of Pathfinder Partners, "Astoria is an appealing community with a peaceful ambiance and proximity to schools, shops and major freeways." Additionally, he said "The Fife submarket enjoys high demand for multifamily housing due to its proximity to employment centers within the Seattle-Tacoma area, with approximately 700,000 jobs within 30 miles of Astoria." Pathfinder has been active in Washington with nine acquisitions and six dispositions since 2011. The company has acquired three other Seattle-Tacoma metro area properties during the past 36 months: Argyle Apartments, a 160-unit multifamily community acquired in 2017; Cedardale, a 126-unit apartment project acquired in 2015 and Redondo Terrace, a 78-unit multifamily community which Pathfinder acquired in 2012 and sold in May 2015. The transaction was brokered for both parties by Giovanni Napoli and Phil Assouad of Kidder Mathews. About Pathfinder Partners, LLC Headquartered in San Diego, Pathfinder Partners was founded by Mitch Siegler and Lorne Polger in 2006 to make opportunistic investments in distressed real estate assets and value-add properties. Pathfinder has acquired or sold $1 billion of properties since inception. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, liquidating funds and fatigued owners, Pathfinder also seeks to maximize value through property enhancements, improvements in operations and marketing, property repositioning and other strategies. For more information on the firm or Pathfinder Partners Opportunity Fund VII, visit www.pathfinderfunds.com or contact Mitch Siegler at msiegler@pathfinderfunds.com or 858-875-4455. End
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