276-Unit Port Orchard, WA Apartment Community Sold By New Standard Equities For $34,500,000 Profit

Aug 27, 2021 | PR

ENCINO, Calif., Aug. 27, 2021 /PRNewswire/ — New Standard Equities (NSE), a Los Angeles-based, full-service multifamily investment and management company, has recently completed disposition of their Pacific Northwest property Atlas Apartment Homes in Port Orchard, WA after successfully implementing their business plan over the past 4.5 years. At $75,200,000, NSE sold this asset at a price that was 39% higher than they initially projected in their underwriting at acquisition. This continues to prove NSE’s mission of delivering outstanding returns to its investors.