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Big Trout Lodge

Liberty Lake, WA

Big Trout Lodge

Overview

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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