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Current and Past Properties
Seaglass Apartments
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Ethos purchased this property in December of 2021
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182 Waterfront units. 50% upside in rents in first 12 months
Location: Bremerton, WA
Asset Type: Multifamily
Purchase Price: $35.5M
Rehab Cost: $3.5M
Value Year One: $54.6
Oxford Apartments
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This is a long-term owner/operator of a mixed used property located in the heart of downtown Seattle across from the Pike Place Farmer's Market
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The leased ground floor and basement is occupied by Design Within Reach to be used as their showcase store on the west coast of the U.S.
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The investment needed cosmetic rehab and reworking of the underlying financing to increase rents as much as 200%.
Location: Seattle, WA
Asset Type: Mixed-use
Purchase Price: $1.8M
Rehab Cost: $4M
Current Value: $25M