Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- The fourth Washington story tracked on the wire in November 2026. All Washington coverage →
- Disclosed multifamily deal value tracked in November 2026: $807M across 10 reported transactions. All Multifamily coverage →
- 12 stories mentioning Kidder Mathews on the wire in the past 90 days. Kidder Mathews coverage →
Computed from Real Estate Trail’s own tracked coverage
Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily…
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