Western

SEATTLE — Locally based Nordic Partners Investments has acquired John Winthrop Apartments, a 79-unit property at 1020 Seneca St. in Seattle’s First Hill neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon Anderson Multifamily Team represented the undisclosed seller. Nordic Real Estate specializes in value-add multifamily acquisitions with a focus on vintage properties. The John Winthrop building was constructed in 1925. Two units have been fully renovated. Nordic plans to implement a unit-upgrade program on the remaining homes.

TACOMA, WASH. — Investors Management Group (IMG) has sold Valley Vista Apartments in Tacoma to Seattle-based m5x2 for approximately $15.9 million. California-based IMG acquired Valley Vista in 2016 for $11.4 million. Kidder Mathews represented IMG in the transaction. The 108-unit property was developed in 1986. IMG deployed a $2.5 million value-add plan, upgrading units and amenities, during its hold period. Improvements included a new exercise and community room, an updated community deck, a refreshed leasing office, new signage and the conversion of a playground to a dog park.

SPOKANE, WASH. — Kidder Mathews has arranged the sale of River Court Apartments, a 21-unit community in Spokane. Kidder Mathews’ Max Frame represented the undisclosed seller. The buyer was also not identified. The asset traded for approximately $2.3 million. The community, built in 1979, is located at 3001 E. Upriver Drive along the Spokane River in the Minnehaha neighborhood. River Court Apartments consists primarily of two-bedroom units with an average size of 845 square feet. Amenities include a sports court and covered parking. “River Court Apartments offer a strong value-add …