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Transactions - APRIL 21, 2022

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Harbor Custom Development to sell six multifamily projects for $278m

by Released

Harbor Custom Development has listed six Western Washington apartment projects totaling 734 units for a combined value of $278 million with Kidder Mathews, a brokerage firm on the West Coast.

“Rental rates continue to escalate at unprecedented levels driving up project apartment values as demand for multifamily housing exceeds the limited supply in the Puget Sound Region of Western Washington. We are capitalizing on this market dynamic by listing for sale our current owned inventory of six apartment projects totaling 734 units in various stages of construction,” stated Sterling Griffin, president and CEO of Harbor Custom Development.

Harbor’s

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