Photo by Grosvenor
By Jessica Perez – Reporter, Puget Sound Business Journal
Lake Washington Partners acquired two Seattle multifamily properties in May for $45.4 million, signaling the firm’s ongoing push into the residential market.
The family-owned real estate investor and developer is moving into the multifamily market under the name Refound Residential, Jordan Lott the president and CEO of Lake Washington Partners told the Business Journal on Wednesday. The company’s portfolio includes seven multifamily buildings after the acquisitions in late May.
Refound completed the second phase of its acquisition strategy in late May through the purchase of Union Park and St. Theodore on Roosevelt, two apartment properties that total 131 units. Prior to those acquisitions, the company had bought five multifamily properties since November 2023, Lott said.