Newmark, as exclusive advisor, is pleased to present Sorrel (the “Property”), a 140‑unit, garden‑style multifamily community in the heart of Kirkland, Washington. This offering represents a rare chance to acquire an institutionally scaled asset in one of the Eastside’s most coveted, high‑barrier‑to‑entry submarkets.

Benefiting from Kirkland’s waterfront lifestyle, walkable amenities, and proximity to leading Eastside technology employers, the Property draws from an affluent, technology‑driven renter base. Originally built in 1985, Sorrel delivers a compelling blend of durable in‑place cash flow and clear value-add upside, supported by a proven renovation program and meaningful mark‑to‑market upside, as current rents continue to trail both submarket averages and newly delivered Class A product.

Favorable affordability dynamics, coupled with a limited forward supply pipeline, position the Property to capture durable rent growth, while the high cost of homeownership in the Eastside reinforces sustained renter demand.