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July 28, 2005

S-J Management

Michael Sauter, CEO of Seattle-based S-J Management, says the company has had a strong response to its latest investment program, MonteViejo Associates LLC, which is buying the 480-unit MonteViejo Apartments in Phoenix. S-J has received subscriptions equal to 90 percent of the investment funds needed before closing. The closing has been moved up to Sept. 10. Sauter said that means capital contributions will need to be received before Aug. 31. Earlier this summer, S-J announced the $50.5 million purchase price will require approximately $11.5 million in equity capital. S-J is a privately held real estate company that acquires, manages and sells mostly large multifamily properties in Washington and Arizona.




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