February 23, 2017 | MultifamlyBiz

 

PORT ORCHARD, WA – A newly formed joint venture of New Standard Equities (NSE) and an affiliate of Brixton Capital has acquired Arbor Terrace, a 276-unit multifamily community in Port Orchard, WA, from Sea 1800 Sydney Avenue, LP in a transaction valued at $38.15 million.

 

Arbor Terrace is the second acquisition in the immediate area in less than two months and third in Kitsap County in the past year for NSE, a Los Angeles, CA-based real estate investment and management company, noted CEO and founder Edward Ring.

 

Link to full article HERE.