4.0 Apartments

24-unit Ellensburg Property Acquired

Walnut Creek, CA (May 28, 2021) – This week, PTLA Real Estate Group completed the acquisition of 24 units in Ellensburg, WA via a 1031 exchange for their clients. The property, currently known as 4.0 Apartments, borders Central Washington University land and is a two-minute walk from the main campus. PTLA will renovate and rebrand the property and provide property management services.

This is the company’s third student housing acquisition in less than 6 months and joins the roughly 650 units owned or managed by the company in Ellensburg.

PTLA has a significant number of student housing units in the pipeline for acquisition in the next 6 months. “We feel it’s the right time to buy student housing, and it’s exciting to expand in markets in which we already own or operate,” said Peter Wilson, President of PTLA.

 

ABOUT PTLA REAL ESTATE GROUP

PTLA Real Estate Group is an independent company that acquires and manages real estate with a specific focus in the West Coast market. In our 50-year history, we have built a team and company centered around the goal of achieving a higher standard of excellence. For more information, please visit our website at www.ptlareg.com.

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