Glenbrooke Apartments
Glenbrooke Apartments is a modern 225 unit, garden-style, multi-family property located in the vibrant community of Puyallup, WA. Constructed in 1998, residents of Glenbrooke Apartments enjoy access to a robust amenity package which includes a heated swimming pool, cedar sauna, fitness center and basketball court.
Impact worked in a supporting capacity with its investment partners to assume the existing debt so that the project can be positioned for future renovation. Impact looks forward to its involvement on a high quality asset, the preservation of which benefits low and moderate income households.
Summary
Name: Glenbrooke Apartments
Location: Puyallup, WA
Property Type: Family, 100% Affordable
Total Project Cost: $19,950,000
Unit Mix: 225 Units
- 54 2-Bedroom Units
- 136 3-Bedroom Units
- 35 4-Bedroom Units
Date Acquired: October 8, 2015
Financing Partners: Wells Fargo Bank
NorthMarq Capital, LLC
