An unnamed private group out of California has purchased three apartment buildings in Vancouver’s Uptown Village.
The buildings — Broadway, which has 36 units, Hamilton, which has 30 units, and Eliza, which has 14 units — amount to an 80-unit apartment portfolio costing the buyer $20 million.
“We continue to see Vancouver as a strong and viable marketplace with population growth and rental demand,” Mark Madden, principal and owner of WDC Properties, said in a press release. Portland-based WDC Properties sold the buildings.
Vancouver has become desirable for investors in recent years, according to Jordan Carter, executive vice president at real estate group Kidder Mathews. Kidder Mathews represented WDC Properties in the transaction.
