Buy under-managed
Source assets with clear operational upside — including bank-owned, distressed and long-held properties — at a basis that supports renovation.
Value-Add Multifamily · Owner / Operator
A 30+ year track record and more than 3,000 units of acquisition, renovation, financing and management experience, from the Pacific Northwest to the Carolinas.
The View at Manette (Seaglass Village) · Bremerton, WA · 182 units
Our Strategy
Ethos Property Group is a hands-on owner and operator. We look for well-located apartment communities whose performance is held back by management, deferred maintenance or capital structure — and we fix what is broken.
Our approach was shaped in property operations: Jeffrey Wysong began his career supervising 750–1,000 units of multifamily for Goodman Management before becoming one of the top multifamily brokers in Washington State. That operator’s perspective informs every acquisition we underwrite.
We invest alongside joint venture partners and have earned repeat investments from both individual and institutional co-investors.
Source assets with clear operational upside — including bank-owned, distressed and long-held properties — at a basis that supports renovation.
Reset management, leasing, expense control and resident experience. Rework underlying financing where it improves the business plan.
Upgrade interiors as units turn, refresh exteriors and amenities, and bring rents in line with the improved product.
A candid, straightforward and honest approach in every business dealing.
We do our homework and keep partners informed every step of the way.
Individual and institutional partners invest with us again and again.
Track Record
Current holdings and realized investments across apartment rehab, mixed-use and condominium conversion.
A World War II–era garden-style community on the bluffs above the Port Washington Narrows. Ethos acquired the property for $35.5 million and launched a unit-by-unit renovation program as residents turned over.
“Bremerton’s Seaglass Village apartment complex sells for $35.5 million” — Kitsap Sun
A long-term hold in the heart of downtown, across from the Pike Place Market. The ground floor and basement are leased to Design Within Reach as its Seattle showroom.
$1.8M purchase · appraised at $26M
Acquired bank-owned after a failed condo conversion by the prior owner, then fully renovated and stabilized.
Complete renovation to the drywall, including adding washers and dryers to every unit. Acquired, renovated and sold within 15 months.
Condominium conversion of 141 apartments and 18 detached homes, creating entry-level ownership housing in a supply-constrained, high-income community.
Condominium conversion
Interiors rebuilt to the drywall; new siding, roofing, pool, clubhouse, landscaping and covered parking. Near the Microsoft and Google campuses.
Full renovation & repositioning
Ethos built and led a 15-member team that coordinated $40 million in rehab and completed more than $250 million in condominium sales — one of the top three condominium conversion developers in Washington State.
Institutional equity partners included Merrill Lynch Capital, which recognized the firm as a top preferred sponsor, and CityView.
| Property | Location | Units | Strategy |
|---|---|---|---|
| Windsor / Cooper Square | Seattle, WA | 72 | Condo conversion |
| Tobira | Seattle, WA | 88 | Condo conversion |
| Northshore Apartments | Kenmore, WA | 10 | Full interior rehab; rents raised $750–$1,000 per unit |
| Admiralty | Port Townsend, WA | 52 | Waterfront apartment rehab |
| Tracey Anne | Seattle, WA | 43 | Value-add rehab funded from operations |
Property information is drawn from Ethos Property Group project records. Past performance is not indicative of future results.
Our Work
From 1909 brick walk-ups to downtown towers, Ethos renovations go to the drywall: new kitchens, baths, finishes and common areas that residents notice on the first visit.
Portfolio Gallery
Partnership
In January 2025, Ethos Property Group and East West Partners formed East West Ethos, a 50/50 partnership acquiring value-add multifamily properties across North and South Carolina.
East West Partners is a Chapel Hill, North Carolina master planner and community developer with more than 40 years of experience building residential and mixed-use communities in the region. East West Ethos pairs that local depth with Ethos’s value-add operating playbook, and structures each investment with joint venture equity from private investment partners.
Leadership
Founder & President, Ethos Property Group · Co-Managing Partner, East West Ethos
Jeffrey Wysong has spent more than 30 years in multifamily real estate, with transaction and management experience totaling more than 3,000 units across market-rate, low-income and distressed assets. His experience spans acquisition, disposition, financing, brokerage, rehabilitation and management.
He began in property management, directing 750–1,000 units for Goodman Management, then became one of the top multifamily brokers in Washington State at CBRE, Koll and Pinnacle Realty, where he managed, listed and sold more than 3,000 units in Washington and Arizona. As Acquisition Director for the Pacific Northwest at Fairfield Residential, he closed sites for 600 units of new construction and a 398-unit Bellevue acquisition.
Through Ethos Property Group he has sourced and negotiated $180 million in equity, mezzanine and bridge financing, with institutional partners including Merrill Lynch Capital and CityView. He co-founded East West Ethos and relocated to North Carolina. He studied at Washington State University.
Investors & Partners
We welcome conversations with private investors, institutional co-investors, lenders and brokers with value-add multifamily opportunities.