American Capital Group has acquired three multifamily assets totaling 557 units in Tacoma, Wash., for $102.6 million. The properties are Monterra, Miramonte and Heatherstone Apartments.
Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Goodman Real Estate and procured the buyer, American Capital Group.
The properties are in Tacoma’s Parkland neighborhood, which is accessible from Interstate 5, and State Routes 512 and 7. Employment hubs in Seattle and Tacoma are a short commute away. Shopping and entertainment at Tacoma Mall, Lakewood Towne Center and South Hill Mall are nearby. Also nearby are Joint Base Lewis-McChord, Pacific Lutheran University, Bates Technical College and Clover Park Technical College.
Miramonte is a 120-unit property constructed in 1991. Community amenities include an outdoor fireside lounge, swimming pool and fitness center. The property’s one-, two- and three-bedroom units have fireplaces,
