256 Units



Year Built


Investment Strategy

Deer Creek Apartment Homes

6115 111th St E, Puyallup, WA 98373

Property Type: Multifamily

In partnership with Lowe Enterprises, FCA acquired Deer Creek Apartment Homes in 2015. This 256-unit, garden-style apartment community was constructed in 2000, and offers an excellent location in Puyallup, WA, a rapidly growing suburb of Seattle. The property offers a beautiful setting on an 18-acre site with mature landscaping, and it offers a full suite of amenities, including a children’s play area, clubhouse, fitness center, tanning beds, heated pool, and gated community access.

This was a value-add investment; during the hold period, the partnership invested over $2M in capital improvements, including an extensive clubhouse refresh and updates to over 50% of the unit interiors. This property was sold in 2018.