Workforce housing, bought right and run well.
Veritas Equity Partners is a Washington owner-operator of workforce apartments. We buy, improve, and operate communities in Pierce and Snohomish Counties, and we run them the way they should have been run all along.
16 years
in Washington multifamily
$85M
assets under management
468
units acquired
21 deals
since 2010, with no realized losses
We have done this work for sixteen years, first with our own capital and now alongside investor partners.
We grow NOI by fixing operations, not by betting on the market.
We buy mismanaged 30 to 100 unit workforce housing in Pierce and Snohomish Counties, where renters cannot afford to buy, and we grow net operating income by fixing operations. The buildings are typically 1960s to 1990s vintage. We stay out of Seattle and King County, where basis is higher, there are more bidders, and the local rules are tighter.
In Snohomish County we focus on the I-5 corridor, including Lynnwood, Edmonds, and Everett. In Pierce County we focus on Tacoma and Lakewood, anchored by Joint Base Lewis-McChord and other fixed regional employers. We use conservative, long-term fixed-rate agency or bank debt. We do not use bridge or floating-rate loans.
The housing Washington’s workforce already rents
We own the housing that nurses, warehouse and logistics staff, tradespeople, and military families actually rent. Older communities that were run down by tired owners get the capital and the attention they were missing. For our partners, the aim is durable cash flow built on operations we control, not on market timing.
Communities we own and operate
We own and operate workforce apartment communities in Pierce and Snohomish Counties, along with a few seasoned communities in Eastern Washington from our earlier years. Every new acquisition is in our two core counties. The Portfolio page describes what we own, where we own it, and how we run it.
A principal-led firm in Kirkland
Alex Burch, Managing Partner, has been investing in Washington multifamily since 2010. Lauren Rogers, Co-Founder and Principal, leads asset management, operations, and investor marketing. Mark Burch, Internal Operations Lead, brings 25 years of procurement leadership. Meet the team on our About and Team pages.
Notes on markets, operations, and investing with care
This is where we share what we are seeing in Pierce and Snohomish Counties and the practical details of private real estate investing.
Join the list
Leave your email and we will send occasional notes on Puget Sound workforce housing and private multifamily investing.
A conversation, not a pitch
If you would like to see whether this is a fit, book a Discovery Call. We will talk about how Veritas invests and whether it matches what you are looking for.
This website is for informational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, securities. Any offering is made only through official offering documents, and only to investors who meet the requirements of that offering. Past performance does not guarantee future results. Investing in real estate involves risk, including the possible loss of capital.