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Despite COVID-19 turning the world upside down, selling the Diane Apartments remained a key element of the owners’ investment strategy for 2020. After a failed sale with their previous broker, certainty of closing within a tight timeline was the owners’ ultimate goal.
Hired in May, the Simon | Anderson Team would face new obstacles conducting marketing and tours. Fortunately, our time in quarantine was spent connecting with active investors to evaluate their needs, and we had the right buyers to get this deal done.
Lead broker Jerrid Anderson reached out to the top buyers in exchanges and with equity to invest, and within a week was able to generate strong interest from 12 groups, creating immediate competition rather than launching a broad marketing campaign.
Receiving 4 offers, the property was under contract in 24 hours, contingencies were waived after one week, and we closed the sale 30 days later.
It took just 67 days (during a global pandemic) from meeting our team to closing the sale for the owners to see cash in hand and move forward with their future investment plans.
For more information about this sale or to learn about other opportunities, contact:
Jerrid Anderson | 206.499.8191
Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of DianeApartments.