Image by Lisi Wolf
As the commercial real estate landscape continues to evolve, long-standing investors are rebalancing their portfolios, and many find stability in the multifamily sector. Lake Washington Partners—a Seattle-based family-owned investment and development firm with a 10.6 million-square-foot footprint in office and industrial assets—is among them.
The company recently launched its multifamily division, Refound Residential, aiming to diversify its holdings and respond to sustained demand for workforce housing. Refound Residential’s first acquisitions are in Seattle, where housing affordability is a pressing issue. The firm is targeting well-located properties that can be upgraded to provide quality units at more accessible price points.
Multi-Housing News sat down with Jordan Lott, president & CEO of LKWP, to discuss the company’s entry into multifamily and how Refound Residential fits into its long-term investment strategy.