The Bremerton Boardwalk Portfolio is a one-time chance to buy an incomparable waterfront development property in a City that’s been called No.1 Up and Coming mid-size city in America.  

Under normal market conditions, this type of opportunity would never be available. Current circumstances offer investors the unique chance to take advantage of the downturn to reap huge returns while covering the carrying costs with existing rental income.

The property’s mix of potential enormous future returns and relative safety is unprecedented.  The Portfolio is available at the immensely discounted price of $19,950,00, down from its 2007 appraisal of $48 million.  The entire Portfolio is commercially-zoned waterfront on a major regional transportation hub that has City and State Development Approvals which are increasingly difficult to obtain.  Plans for its three sites consist of 637 residential units and 11,500 square feet of retail space on some of the last large blocks of undeveloped waterfront multi-family land on Puget Sound, all within blocks of the commuter ferry to Seattle.

Unlike other promising development sites, the Portfolio also has the ability to more than cover carrying costs with an array of income-generating commercial and residential rentals.

The Portfolio’s incomparable location assures its future success.  The Puget Sound Region’s economic vitality and natural beauty has caused one city after another to thrive, and Bremerton is clearly the next city to reap the benefits of this trend.  The Portfolio itself is situated in the Harborside District, a compact neighborhood within Bremerton that has been transformed by $390 million of investment since just 2002. 

All these factors make the Bremerton Boardwalk Portfolio a trophy investment.  

Simply put, this Portfolio represents a singular chance for a savvy investor to be the dominant player in a city set to become the next big winner in the Pacific Northwest

> The Offering