Vue Kirkland

Case Study: Institutional Solutions

Property Info

Property Type: Institutional Solutions

Date Closed: May 2025

City, State: Kirkland, WA

Purpose: Value Add

Units: 200 (50 studios,110 1BR, 40 2BR)

Year Built: 1977

Property Objectives

Vue Kirkland was brought to market as a value-add multifamily investment located in one of the most dynamic submarkets in the Pacific Northwest. The client’s goal was to unlock value through renovation and repositioning, while benefiting from proximity to Kirkland’s top-tier employment centers, excellent local schools, and walkable amenities at the newly developed Totem Lake lifestyle district. With both partially renovated and fully upgraded homes, there was an opportunity to build on renovation momentum and to appeal to residents priced out of homeownership in a supply-constrained, high-income community.

Berkadia Solution

The Berkadia Seattle team, led by David Sorensen, executed a tailored marketing and transaction strategy positioned for maximum exposure to the right buyers. Leveraging their proven track record in both institutional and value-add transactions, the team highlighted the property’s strong fundamentals, demonstrated rental upside, and great location. Their comprehensive market analysis and proactive outreach drew interest from a wide array of qualified investors, and their ability to clearly articulate both the near-term value-add story and long-term neighborhood growth positioned the asset as one of the premier transactions in the region.

Client Results

This collaborative effort resulted in the successful sale of Vue Kirkland to BRIDGE Housing, marking the largest market-rate conversion to affordable housing in BRIDGE’s history as part of its mission to create and preserve low-income housing across the West Coast. The deal exemplifies how Berkadia’s strategic approach enabled the seller to maximize value, secure a reputable buyer, and complete a complex transaction that will benefit the community and preserve affordability within a highly competitive submarket. The marketing and transaction process not only exceeded expectations for the seller but also contributed to BRIDGE’s growth strategy while addressing a critical housing need in Kirkland.

Berkadia Institutional Solutions

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