Leased-Up and Managed
105-unit · built green certified apartments
Located in the desirable First Hill neighborhood of Seattle, Alder Flats features micro units with shared kitchens and common areas. Designed to cater to the student and emerging professional population, Alder Flats provides an urban lifestyle in the midst of Seattle’s most desirable and vibrant districts. The property offers only micro units, and micro units with lofts. A rooftop deck with full kitchen provides room to socialize and entertain, and onsite bicycle storage makes commuting a breeze.
Built-Green Certified, Alder Flats boasts eco-friendly construction and energy efficient lighting throughout. Onsite composting and green cleaning supplies enable residents to live a little greener.
GEM managed Alder Flats for a third-party client, overseeing the lease up through stabilization. Because of the configuration of community kitchens, the property required heavy maintenance oversight. GEM oversaw Alder Flats from administrative offices at another Gerding Edlen property in Seattle, because the site did not contain a leasing office. Upon the sale of the GE Fund I portfolio, GEM ended the client relationship.