Kamiakin Apartments was an off-market deal directly sourced from the original seller by Multifamily Mason. The Seller was a long-term owner who originally placed the property in the LIHTC program. Our client, the buyer, successfully acquired Kamiakin Apartments this year, marking their first LIHTC asset and largest acquisition to-date. Our team guided the buyer through the approval process with WSHFC and connected them with key strategic partners on compliance and tax. We also overcame significant hurdles including 80% property occupancy, creative financing, government approvals, and finding and securing insurance. This successful deal significantly expands our client's Tri-Cities portfolio, and was an exciting deal to work on all around. We’re grateful to our clients for their trust in our team and their excellent execution, and to the Seller and all involved for a smooth transaction.
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