ColRich Multifamily acquired Novi at Queen Anne, a 166-unit building at 312 Second Ave. W from Equity Residential (NYSE:EQR) for $60.1 million on September 21, 2023. Berkadia brokers David Sorensen, Ben Johnson, George Pallis and Kenny Dudunakis represented both the buyer and seller. Berkadia Irvine secured permanent acquisition financing for the buyer through a 10-year loan from Freddie Mac.

ColRich Multifamily completed the acquisition of Novi at Queen Anne, a 166-unit building at 312 Second Ave. W from Equity Residential (NYSE:EQR) on September 21, 2023.