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Western Oak Capital successfully acquired Align Apartments in Federal Way, WA, consisting of 105 units, in an off-market deal during the challenging economic landscape of 2022. Despite rising interest rates, the team demonstrated strategic foresight by securing a fixed-rate loan. This loan package also included a fixed-rate supplemental draw allocation, earmarked for construction and renovation projects.

Leveraging their established partnership with Avenue5 Residential, their go-to property management company in the Pacific Northwest, Western Oak Capital aims to optimize operations and achieve maximum efficiency at the property level.

The primary objective for Align Apartments centers around comprehensive renovations, focused on interior units, and on-site amenities, as well as the exterior and property grounds. These improvements are part of a broader business plan designed to enhance both the property and its management operations.