Monday, May 23, 2022

EverWest Continues Seattle Multifamily Push with $54.5 Million Muir Apartments Acquisition

Muir Apartments,1601 South Lane Street, Seattle, WA

 SEATTLE, WA – Denver-based 
Tom Stover
EverWest Real Estate Investors
 (“EverWest”) is quickly expanding its Seattle multifamily investment footprint with the $54.5 million purchase of Muir Apartments, located in the heart of Seattle’s Central District.

The apartment acquisition follows quick on the heels of EverWest’s April purchase of Junction Landing and Junction Flats apartments in West Seattle.

This new activity represents almost $113 million in Seattle-area multifamily investment in just 30 days by EverWest, who is already an active office and industrial developer across the Pacific Northwest.

Dylan Simon
“Seattle’s population, job growth and quality of life are driving multifamily demand,” said EverWest Managing Director of Acquisitions Tom Stover, who directed the Muir Apartments acquisition on behalf of EverWest.

“The Muir Apartments asset was an opportunity for EverWest to continue to gain exposure in a high-quality, high barrier to entry urban market at an attractive basis.”

 Dylan Simon, Winslow Lee and Jerrid Anderson of the Simon Anderson team of Kidder Mathews represented the Muir Apartments building seller and developer, Daly Partners.

Winslow Lee
Built in 2019, Muir Apartments is a modern, Class A urban mid-rise community totaling 130 units and including 12,266 square feet of ground-floor retail anchored by a boutique grocer.

The seven-story building offers studio, one- and two-bedroom units with an average unit size of 609 square feet.

Residents at the property enjoy a high-end amenity package, including a rooftop deck with views of the Seattle skyline and Mount Rainier.

Jerrid Anderson 

Muir Apartments is located at 1601 S. Lane St., minutes from downtown Seattle and surrounded by a diverse and walkable mix of restaurants, retail and cultural attractions. 

The property is directly accessible to transit and proximate to both I-5 and I-90.

EverWest, a leading real estate investment management firm, currently owns more than 950,000 square feet of office, industrial and multifamily space in the Pacific Northwest.

EverWest continues to seek investment opportunities in the region across all property sectors.

 

Contacts:


Stacey Hershauer

focusAZ 

P 480.600.0195

 

www.everwest.com

 

Seyfarth Expands Real Estate Team with New Seattle Partners Courtney Seim and Ian Sutton

 

Courtney L. Seim 

SEATTLE, WA, May 23, 2022 -- Seyfarth announced today the arrivals of partners Courtney L. Seim and Ian T. Sutton to its Real Estate department in Seattle.

 Seim and Sutton were most recently Real Estate and Environmental partners at Seattle’s Summit Law Group.

 

 Ian T. Sutton

Seim’s real estate practice focuses on eminent domain, easement issues, and title disputes, and she has worked on a number of power generation and transmission projects serving the Puget Sound region.

 Seim earned a J.D. from the University of California (UC) Davis School of Law where she was the managing editor of the UC Davis Law Review. She received a B.A. from the University of Washington.

 Sutton’s commercial real estate practice focuses on both commercial real estate transactions and development. He advises clients on complex negotiations and documentation for all types of sales, acquisitions, and leasing.

 Paul Mattingly
 He earned a J.D., magna cum laude, from the Seattle University School of Law where he was a notes and comments editor for the Seattle University Law Review. He received a B.A. from Denison University.

 “Courtney and Ian are tremendously skilled lawyers with substantial experience in all of the environmental facets of property development,” said Paul Mattingly, chair of Seyfarth’s Real Estate department.

Denice Tokunaga

 “As we continue to see more development projects across the country, their practices will flourish on Seyfarth’s premier platform.

 “Like the greater Seattle business community, we know Courtney and Ian as wonderful people and respected professionals.

Tom Wybenga

"Their additions add important depth to our national real estate team and we’re thrilled to welcome them as the newest members of our growing office,” the co-managing partners of Seyfarth’s Seattle office, Denice Tokunaga and Tom Wybenga, said in a joint statement.

 Seim and Sutton are the latest partners to join Seyfarth’s global platform. Earlier this year, the firm added Kamran Mirrafati, Paul Haswell, Meghan Douris, Ashley Sherwood, Jamie Rich, Jacob Cherry, Seth Liebenstein, Christy Kiely, Sofia Bargellini, Michael Jordan, and Arnold Brown.

 

About Seyfarth


With more than 900 lawyers across 17 offices, Seyfarth Shaw LLP provides advisory, litigation, and transactional legal services to clients worldwide.

 

 

Contacts:


Martin Grego, Director of Public Relations

 (312) 460-6659, mgrego@seyfarth.com

 

John Garger

917-572-4820 jgarger@rippmedia.com


Ivan Alexander
 ivan.k.alexander@gmail.com

 

Drapac Capital Partners Announces Adam K. Mitchell as Director of Real Estate

Adam K. Mitchell
 

ATLANTA, GA, May 23, 2022  — Drapac Capital Partners, an Atlanta-based investment group, today announced the appointment of Adam K. Mitchell to Director of Real Estate, as the firm continues to execute its property investment and divestment strategy. 

In his role at Drapac, Mitchell will oversee the investment, development and disposal strategy for Drapac’s real estate portfolio, which spans more than 12,000 acres across multiple markets.


Most recently serving as Director of Portfolio Management at St. Bourke, a subsidiary of Drapac specializng in community placemaking and development, Mitchell comes to Drapac with more than seven years of both transactional and asset management experience. 


“Adam has a unique understanding of our goals and vision for Drapac, which was fostered through our long-held partnership with St. Bourke," said Sebastian Drapac, Chief Operating Officer at Drapac.


Sebastian Drapac
"He intimately understands our investment model and how to support our objectives from a portfolio management perspective.


“As we strategically grow our real estate team, Adam’s strong project management expertise, industry relationships and understanding of real estate value investments will enrich the work we are carrying out across our portfolio.”


CONTACT:

The Wilbert Group

Aliya Seymour, Account Executive

www.thewilbertgroup.com

m: 678.477.3630

drapaccapital.com.