Nearon Acquires Briggs Village Apartments in Olympia, WA

Nearon Enterprises is pleased to announce the acquisition of Briggs Village Apartments, a 72-unit multifamily community located in the heart of the Briggs Village master-planned development in Olympia, Washington. Built in 2019, the property offers modern living with convenient access to top-rated schools, parks, walking trails, and a vibrant mix of urban and outdoor amenities.

This marks Nearon’s second acquisition in the Briggs Village community in 2025, following the purchase of the adjacent Parkview Apartments earlier this year. Like Parkview, Briggs Village Apartments was acquired through the assumption of a below-market agency loan—further strengthening Nearon’s strategy of securing high-quality assets with favorable financing.

The transaction was facilitated by the Institutional Property Advisors (IPA) team of Giovanni Napoli, Philip Assouad, and Ryan Harmon. Nearon extends its sincere appreciation to John Adair and Mike Bergelson of Glencrest Group for their trust and collaboration throughout the Freddie Mac loan assumption process.

With this latest addition, Nearon continues to expand its presence in the Pacific Northwest, reinforcing its commitment to investing in well-located, high-quality multifamily communities in growth markets.