Foundation for your dreams to flourish
Wallingford X
Acquired 3.11.20
25 Studios | 400 SF Retail | Food Truck Pad | +20 Parking | 3 Garage Storage
The day we closed the acquisition was the day the United States declared a national emergency due to international Covid-19 concerns. Before the market shifted, we shifted. Our original plans were to cease operations, renovate the building, and reposition the building to the higher end of studio life. Instead, we had to get scrappy, continue operations and make improvements over time out of the property’s cash-flows. Within months, the property reached maximum occupancy with long-term tenancy & bulk housing offerings.
TENANCY: Covid Clinic | REACH Housing | King County Health | REBLX Music
PARTNER SUPPORT: Intrust Funding | Bellevue Funding | UnitVPM | TEAH Property Services
Belltown X
Acquired 7.14.21
49 Studios | 1,500 SF Retail | 2 Private Courtyards | 5,000 SF Rooftop | 2,500 Finished Basement | 2,500 SF Unfinished Basement
Formerly the #1 Hostel in the US at the epicenter of Seattle’s historic “Film Row”. This is certainly one of the most beautiful buildings we’ve ever toured. Belltown is Seattle’s hottest and most dense neighborhood and properties with such rich history and premium location rarely come to market. When we made an offer, we already had tenancy in mind. Within 1 month of closing we were 100% leased.
TENANCY: Confidential
PARTNER SUPPORT: Intrust Funding | UnitVPM | TEAH Property Services
Kennydale X
Acquired 2.2.22
120 Studios | 120 Parking Spaces | 2.08 Acres | Mixed-Use Development
The former Econo Lodge is arguably the most dynamic property we’ve acquired. It’s prestigiously perched on the shores of Lake Washington, overlooking Seahawks Headquarters and adjacent to the new BRT Rapid Transit (late 2023 launch). 2 months prior to closing, we began negotiations with blue chip tenancy and are excited to present news when available.
TENANCY: Coming Soon
PARTNER SUPPORT: Intrust Funding | Bellevue Funding | UnitVPM | TEAH Property Services
Capitol Hill X
Master Leased 2021-2024
39 Studios | Private Courtyard
Formerly Capitol Hill Art House. We loved the building too much we leased the entire property and built a community in collaboration with Co-Lead, King County, and City of Seattle.
PARTNER SUPPORT: Lime Lite Development | TEAH Property Services | Co-Lead
South Lake Union X
Acquired Management Agreement 10.1.21
52 Room Hotel
King County & The Co-Lead organization called on us for support and we answered the call. It’s an honor to serve our partners in any capacity. We are onsite at Civic 24/7 with front desk coverage, maintenance, housekeeping, and much more.
REBL 1 Studios | 55 Bell St.
Acquired Space | May 2024
Downtown Seattle: Creative Space | R & D | Business Hub
At 55 Bell, we’ve centralized our ecosystem to launch a space where we can make, test, and showcase our innovations.
PARTNER SUPPORT: REBLX Partners | HERO Solutions | REBL 1 Studios
Magnolia X
Acquired: 11.23.22
Breaking Ground: January 2025
Magnolia: 6 Condos | 7 Parking Spaces | 10,223 SF | LR3 (M) Development
PURCHASE PRICE: $1,000,000
PHASE 1 IMPROVEMENT BUDGET: $100K
FUTURE VALUE @ TENANT OCCUPANCY: $2,400,000
PHASE 2 IMPROVEMENT BUDGET: -/+ $3,800,000 Construction
FUTURE VALUE @ 8 Finished Town Homes: -/+ $9,600,000
This property features 6 condos on an oversized in-fill lot at the entrance of Discovery Park. We were able to acquire all units, full control of the HOA, and the land. At the time of acquisition, the property had 4 vacancies an 2 legacy tenants. We lightly renovated & filled the building with new tenants. The site is capable of building additions and redevelopment. We chose to redevelop the land and build 8 x 3 bedroom 3.25 bathroom town houses. Each of them feature 3 master bedrooms and rooftop decks.
Cap 2 | 1720 E. Olive St
Building Acquired | November 2023
Capitol Hill: 60 Studios | 2 Towers | Private Courtyard
King County & The Co-Lead organization called on us for support and we answered the call. It’s an honor to serve our partners in any capacity.
PARTNER SUPPORT: CWD Investments | Co-Lead | REBLX Partners
Cap 3 | 207 10th Ave E
Acquired: 9.18.24
27 Studios | Retail | Built 2024
This property features 27 high-tech studios within 100 feet of the Capitol Hill Link Light Rail station and walking distance to Amazon HQ. We were able to acquire all units in partnership with the builder Haile Yitref. At the time of acquisition, the property was fully vacant and never lived occupied. We feel this will be a vibrant community and a prosperous partnership for years to come.
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