Location
Liberty Lake, WA
Acquired
2022
Units
297
Acquisition Price
N/A
Capital
$32,400,000
Status
Holding
Constructed in 1999, Big Trout Lodge is a 297-unit garden style apartment community located in beautiful Liberty Lake, Washington – just a 20-minute drive from both downtown Spokane and Coeur d’Alene, Idaho. Thanks to its bright, spacious floor plans, mature landscaping, outstanding location, and numerous community amenities including a resident clubhouse and fitness center, outdoor pool and spa, outdoor BBQ stations, firepits, and a community garden, Big Trout Lodge presents an exceptional opportunity to implement TMR’s tried and true value-add strategy.
The property has been meticulously maintained throughout the years, and about half of the property’s units underwent a light renovation during previous ownership. With a $5.4 million budget, TMR plans to build on this momentum, renovating all units to a market-leading finish and transforming the common areas into best-in-class resident amenity spaces.
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