WALNUT CREEK, CA - Sequoia announces the acquisition of Align, a 105-unit, garden-style apartment community located in Federal Way, Washington. Built in 1991, Align sits on 6.33 acres and consists of 107,448 residential square feet.
The community offers spacious 2 & 3-bedroom, renovated homes that feature quartz countertops, stainless steel appliances, washers and dryers. Align’s common area amenities are plentiful, as residents enjoy an indoor spa, clubhouse, business center, outdoor pool, and a state-of-the-art fitness center. With this agreement, Sequoia now manages 16,615 homes across 82 communities.
Sequoia’s executive team is thrilled about their latest acquisition and Erik Peterson, Senior VP of Acquisitions & Business Development conveyed this about the new opportunity. “Pairing this asset with Sequoia’s world-class management team is the perfect fit. Our company’s obsession with customer experience will bring immediate value to the residents of Align and our investors. Sequoia’s mantra is to elevate the everyday for our residents and we are extremely excited about the opportunity to do this with high-quality housing in Federal Way ”.
Align sits in a wonderful location between Seattle and Tacoma, which offers an abundance of retail shopping and top-tier restaurants in the region. Many of the state’s largest employers reside near the community and seamless access to I-5, translates into short commute times for its residents. The emerging economy in Kent Valley is also nearby and presents another avenue for employment opportunities.
About Sequoia Equities, Inc. Established in 1986, Sequoia has always remained committed to its mission of striving to make the ordinary a little more special by inspiring our employees and creating communities where people can expect more out of everyday life. Over 25,000 residents come home to a Sequoia community at the end of the day. Offering more than just great locations and comfortable residences, each community is managed by a team of professionals dedicated to creating customer experiences that are consistently memorable and truly referral worthy. Sequoia Equities has a strong history of serving its investors and tenants and is open to new investors looking for consistent, risk-adjusted returns with a world-class sponsor. For more information on investment opportunities, please email us at bisdev@elevatetosequoia.com.