March 11, 2019
The MIRO at Dash Point Apartments, a 386-unit multifamily garden-style property in Federal Way, WA, traded hands for $71.5 million. San Diego-based RedHill Realty Investors acquired the asset from San Francisco-based FPA MultiFamily.
Located at 31004 19th Place SW, the property features one, two and three-bedroom floorplans with hardwood floors, dishwashers, carports, personal balconies or patios and in-unit washers and dryers. Community amenities include a fitness center, a basketball court, a dog park, a playground and a pool with a lounge. Residents are located just minutes from downtown Tacoma and the Puget Sound.
Berkadia’s Kenny Dudunakis, David Sorensen and Ben Johnson handled the deal on behalf of the seller.
For comments, questions or concerns, please contact Dennis Kaiser