Join us for an exclusive webinar where we’ll introduce the exciting details of our latest project:
The conversion of the GuestHouse Inn, a 186-room hotel located in vibrant Fife, Washington, just minutes from the Port of Tacoma and downtown Tacoma.
Fife 186 Sage Deal
What You’ll Learn:
Project Overview
Discover how Sage plans to transform this exterior corridor hotel into a high-value multifamily property, capitalizing on the existing MFR zoning and the strong market demand.
Investment Potential
Learn about our attractive purchase price of $9.5 million and renovation costs of $7.1 million, leading to an estimated post-renovation value of $33.7 million by 2028!
Impressive Returns
Dive into Sage's financial projections. Find out how investing in this fund could yield an equity multiple of 2.5-3x.
Market Insights
Gain insights into the Washington market as we discuss the significant cost advantages of this redevelopment project, with a conversion basis that reflects a 34% discount to replacement cost and a 44% discount to nearby sales comps.
Conservative Projections
Sage will outline their exit strategy, highlighting a conservative 5.9% exit cap rate that supports strong exit pricing assumptions backed by recent multifamily trades.
