Pathfinder Partners has purchased Hiawatha Apartments in Seattle for $28.78 million.
Pathfinder made the investment through Pathfinder Partners Opportunity Fund VIII, an opportunistic fund focused on multifamily investments in the western United States.
Located two miles south of downtown in the up-and-coming Jackson Place neighborhood, Hiawatha Apartments offers spectacular views from every direction. Bordered by parks and trails, the location also provides easy access to major highways and the corporate headquarters of Amazon, Starbucks, Zillow, Boeing, Alaska Airlines and Nordstrom.
“Seattle continues to be a strong market with a steady increase in apartment demand,” said Lorne Polger, co-founder and managing director of Pathfinder. “The acquisition of Hiawatha aligns with our strategy of investing in well-located apartments in resilient cities such as Seattle. Pathfinder Opportunity Fund VIII, raised in 2020 to capitalize on pandemic-related distress
