Seattle, May 26, 2026–(business telegram)– Sagard Real Estate (SRE), a subsidiary of Sagard, a leading US-based real estate investment advisor and global multi-strategy alternative asset management firm, today announced the acquisition of 18463 Blueberry Ln, a 222-unit garden-style multifamily community in Monroe, Washington, within the Seattle metro area. The investment was made on behalf of Sagard Real Estate’s recently launched Core-Plus open-end fund, which targets port/last-mile industrial, workforce rental housing and other niche property sub-sectors in supply-constrained, high-growth markets.
Located in Monroe, a growing suburb within the Seattle metro, the area benefits from strong demographic trends, relative affordability compared to core Eastside submarkets, and access to major employment centers including Everett, Bellevue, Redmond, and Downtown Seattle. The submarket’s population growth, coupled with a tight supply base coupled with limited new construction, continues to support healthy occupancy levels.
“The acquisition of Monroe aligns well with our fund strategy, which targets submarkets supported by strong workforce rental demand and favorable market fundamentals,” said John Maurer, head of equities and senior portfolio manager at Sagard Real Estate. “We believe this property is optimally positioned to benefit from the structural need for lower housing costs while driving higher rents in the urban corridor,” said Tyler Williams, co-portfolio manager at Sagard Real Estate.
Built in 1991, the property is spread over approximately 10.4 acres and comprises 20 buildings totaling 222 units along with a standalone club house and amenity space. Facilities include a fitness center, swimming pool, clubhouse, outdoor grilling areas and natural open spaces. SRE plans to upgrade a portion of the units that are in original condition.
The transaction expands the fund’s diversified residential portfolio and Sagard Real Estate’s presence in the Pacific Northwest, underscoring its strong belief in the high-growth suburbs of key coastal markets.
About Sagard Real Estate
Sagard Real Estate is a real estate investment advisor and operator that provides investment management services throughout the United States, including portfolio management, acquisitions, asset management, development and property management for investors. With US$6.0 billion of assets under management, Sagard Real Estate offers commercial real estate investment strategies through separate accounts and combined funds. Founded in 1997, the firm is headquartered in Denver and maintains regional investment offices in the New York City, Charlotte, Austin, Los Angeles and San Francisco metro areas. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. For more information visit www.sagard.com/realestate or follow us Linkedin.