Galleria Apartment Homes, formerly known as Villa de Italia, is a 201 unit apartment property which was purchased in June 2006 with a business plan to upgrade the interior units, common areas as well as major capital repairs to the plumbing system, elevators and building exteriors. The business plan included executing a $3.9M property renovation to upgrade the landscaping, elevators, exterior curb appeal and interior common area. These efforts allowed Bascom to improve occupancy, rental rates, and financial performance.

City
Seattle, Washington
Units
201
Renovation Budget
$3.9M ($19,403/ unit)
Debt Partner

Babson Capital

Equity Partner

Individual Private Investors