News
Monthly Update
Dear Investors and Valued Partners, This a consolidated update for all our investments, with a brief update on our pipeline and what we are seeing in the market. Our 2022 year-end financials and K1s are well underway and will be delivered by...
2022 Year End Update
As we wrap up our second full year of operations, we feel especially lucky to have built a community of investors, partners and employees who support our mission of above market returns and below market rents. This letter is a slightly abridged...
Tacoma apartment project is a go after developer secures $35M
Affordable housing developer Great Expectations will break ground next week on the 199-unit Cornus House at 2502 Pacific Ave. in Tacoma now that its financing has fallen into place. Last week it secured two loans totaling $34.8 million, with half...
The Dirt: Seattle developer looking to build $40 million project in downtown Spokane
A Seattle-based real estate developer is looking to build a mixed-use residential project estimated at $40 million in downtown Spokane. Hybrid Architecture, of Seattle, filed a pre-development application with the city to potentially build a...
‘Things could get worse’: Amazon’s salary bump reignites housing concerns in Seattle region
The headline was like a punch in the gut to many dreaming of owning or renting a home in the Seattle area. “Bellevue home sells for nearly $1 million over list price.” For buyers with cash to spare, the BridleTrails home had everything — from...
He wrote key reports on Seattle-area homelessness. Now he’s building low-income housing.
Seattle has been looking for ways to solve the homelessness crisis for years. A local developer is out to show he has the answer. “The problem simply defined is the lack of housing generally and a lack of affordable housing specifically. It really...
Affordable housing developer breaks ground on 50 units near Seattle U
Seattle-based affordable housing developer Great Expectations LLC recently broke ground on its 50-unit Betula House at 355 15th Ave., near Seattle University and Swedish's Cherry Hill campus. The four-story, 25,000-square-foot apartment building...
An interview with The Urbanist
Seattle punches far above its weight with a number of pro-housing urbanist journalists. Foremost among them is "the Urbanist", a web site where a collection of volunteer contributors incessantly push our thinking on housing and related topics....
Acer House covered by Capitol Hill Seattle
We were very pleased to share our plans on Acer House with the Capitol Hill Seattle blog, a widely read local publication. Acer House is a collaboration with Urban Black LLC and the project in our portfolio we are most proud of. We are hoping to...