Alder Walk, a newly constructed apartment community totaling 78 units in Puyallup, Washington sold for $21,250,000. Dylan Simon, Jerrid Anderson, and JD Fuller of the Simon Anderson Team, a multifamily investment team based at Kidder Mathews’ Seattle headquarters, represented the seller, Terrene Homes, and directly sourced the buyer. The property was developed by Terrene and completed in 2022.
Alder Walk features spacious one- and two-bedroom units. Residents enjoy a blend of suburban tranquility and urban convenience, with amenities that include in-unit washers and dryers, stainless steel appliances, quartz countertops, and 10-foot ceilings.
The sale underscores the continued demand for high-quality apartment properties in the Puget Sound region, driven by strong economic fundamentals and a thriving industrial employment hub in Frederickson. The Simon and Anderson team, recognized for their expertise in multifamily investment sales, exclusively listed and facilitated the transaction.
“We are thrilled to achieve a great outcome for the buyer and seller,” said Executive Vice President Dylan Simon. “The property’s extremely high-quality build, modern amenities, and strong rental performance made it a highly attractive investment opportunity.”
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 10 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages over $10 billion in transaction volume, manages more than 55 million square feet of space, and conducts 2,600 appraisal, consulting, and cost segregation assignments annually.
