CBRE Arranges $53M Sale of Townhome Community in Lacey

125-Unit Townhome Community in Lacey Sells for $53M

Built in 2023, the property includes 23 townhome buildings and features a mix of three- and four-bedroom floor plans with an average unit size of 1,736 square feet.

125-Unit Chambers Reserve Build-to-Rent Townhome Community in Lacey Sells for $53MM

The newly built Lacey community of three- and four-bedroom townhomes sold for about $424,000 per unit, roughly 53 percent above the Puget Sound apartment average. The buyer financed it with a seven-year, fixed-rate Freddie Mac loan covering less than half the price. Chambers Reserve, a 125-unit build-to-rent townhome community in Lacey, has sold for $53 […]

CBRE Arranges $53M Sale of Townhome Community in Lacey

CBRE has arranged the $53 million sale of Chambers Reserve, a 125-unit townhome community in Lacey. CBRE’s Jordan Louie, Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the seller in the transaction. “Chambers Reserve offered investors a unique opportunity to acquire a newly constructed built-to-rent community in the growing Puget Sound region,” said Louie. “The ...

CBRE Negotiates $53M Sale of Townhome Community in Lacey, Washington

LACEY, WASH. — CBRE has directed the sale of Chambers Reserve, a townhome property in Lacey. The asset traded for $53 million. The names of the seller and buyer were not released. Jordan Louie, Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE represented the seller in the transaction. Located at 3725 Wildspitz St. SE, Chambers Reserve offers 125 three- and four-bedroom townhome floor plans, with an average unit size of 1,736 square feet, sp…