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Our Approach

Recognizing the family鈥檚 emotional connection and first-time experience with multifamily transactions, the Lee & Associates team provided personalized guidance at every step. The family鈥檚 pride in the property was evident in its pristine condition, strong tenant relationships, and their hands-on involvement in managing the building. With family members still living on-site, we took special care to approach the marketing and sale process with thoughtfulness and respect.

We began by preparing detailed due diligence materials and creating a comprehensive marketing campaign designed to highlight the building鈥檚 mid-century charm, exceptional upkeep, and value-add opportunities. Our Lee Multifamily team also leveraged its reputation for trustworthiness to instill buyer confidence and minimize contingencies. During our active marketing phase, as interest rates trended upward鈥攆urther complicating lending options for prospective buyers鈥攚e concurrently assisted the family in implementing essential maintenance enhancements to the building鈥檚 systems, ensuring the property maintained its operational integrity.

Despite these challenges, we conducted numerous tours, generated strong investor interest, and secured four initial offers. The feedback from the market prompted us to recommend a strategic price adjustment, which attracted even more qualified buyers. Ultimately, we identified a local buyer with a proven track record in multifamily acquisitions who shared the seller鈥檚 values and was committed to restoring the building鈥檚 mid-century gem.

The Outcome

By blending clear communication, expert market insights, and collaborative coordination with escrow and property management, the Lee & Associates Multifamily team successfully navigated market uncertainties to achieve a smooth closing. The sale preserved the seller鈥檚 legacy while meeting their financial and personal goals, demonstrating our commitment to delivering tailored solutions in complex transactions.