Weidner Apartment Homes Sells Federal Way Multifamily Portfolio to Bridge Investment Group for $78 Million

Stoel Rives congratulates our client Weidner Apartment Homes on the sale of The Ridge and The Shores, two adjacent multifamily communities comprising 335 units in Federal Way, Washington, to Bridge Investment Group for approximately $78 million, marking one of the largest multifamily transactions in the Puget Sound region in 2026.

Weidner Apartment Homes, founded in 1977 and headquartered in Kirkland, Washington, is one of North America’s leading multifamily owners and operators. The company’s portfolio includes over 72,000 units across 13 U.S. states and four Canadian provinces, making Weidner the 12th largest private apartment owner in the United States, according to the National Multifamily Housing Council. Dedicated to long‑term stewardship and high‑quality rental housing, Weidner is recognized for its commitment to resident experience, ongoing reinvestment in its communities, and its mission to distinguish itself as an industry leader in every market it serves.

Stoel Rives represented Weidner in the transaction with a deal team led by real estate attorneys Sabina Shapiro and Katherine Van Gunst.

This transaction underscores Weidner’s ongoing investment stewardship of the multifamily properties in its portfolio throughout North America.