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October 6, 2022

Thayer Manca lands Big Trout

Thayer Manca Residential announced its recent purchase of the 297-unit Big Trout in Liberty Lake. That's a small community a little east of Spokane. Terms weren't disclosed, but TMR says it plans to invest about $10 million in upgrades. The deal brings TMR's Washington state multifamily portfolio to five properties with 808 units. Big Trout is the investor's third state deal in the past four months. (Other properties are in Tumwater and Seattle.) The firm's Joe Manca said in a statement, “It's been quite a year so far. Our conservative and patient approach to deploying investor capital has paid off.” Over five states, TMR has about 3,425 units, which it values at $850 million.




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