Brixton Capital Purchases Arbor Terrace Apartments in Seattle Area, WA

SEATTLE, Washington, February 2017 – An affiliate of Brixton Capital, in conjunction with New Standard Equities, recently purchased Arbor Terrace Apartments, a 276-unit multifamily asset located in the Seattle suburb of Port Orchard, 13 miles west of Downtown Seattle. Arbor Terrace Apartments is situated on 18.52 acres of land and includes ample amenities such as a pool, fitness center, movie theatre and children’s playground. Immediately upon acquisition, Brixton plans to upgrade Arbor Terrace Apartments by renovating the exterior and interior of the complex. This property marks the firm’s second acquisition in 2017, bringing its real estate portfolio to over 10 million square feet, including over 2,000 multifamily units across 5 states.

According to Travis King, CEO of Brixton Capital, “The introduction of a new high speed ferry will allow for faster, direct access to downtown Seattle across the Puget Sound increasing the desirability of the area to commuters. Combined with Port Orchard’s already strong military and medical resident profile, Arbor Terrace provides immediate, stable cash-flow with excellent upside potential.”

Marc Brutten, Chairman of Brixton Capital, stated “We are excited about the opportunity to expand our multifamily platform into the Seattle MSA with an acquisition that so strongly reflects our target risk-adjusted return profile. We look forward to continuing to expand our portfolio in the area.”

Brixton Capital is the private investment vehicle of BruttenGlobal, an international family office which owns and manages a diverse array of holdings valued in excess of $3 billion across a variety of industries, including real estate, banking, professional sports, aviation, media and consumer products.

Brixton Capital focuses on sourcing investment opportunities that offer attractive risk-adjusted returns across a variety of asset classes.  Its investment profile includes direct opportunistic and value-add real estate acquisitions, performing and non-performing loans, recapitalizations, opportunistic lending and structured finance transactions.

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For more information, please call Travis King, Chief Executive Officer, at (858) 367-7147 or email at tking@brixtoncapital.com

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