Four Pines Apartments

Four Pines marked Sage Homes’ highly successful inaugural development in the Burlington, WA market. This community offers well-designed and spacious housing, featuring a range of unit options including open one-bedroom, one-bedroom/one-bath, and two-bedroom/two-bath layouts.

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Development

The successful acquisition, entitlement, and development of a 96-unit garden-style apartment project in the City of Burlington involved a strategic and collaborative approach from inception to completion. The process began with securing a well-located parcel through targeted site selection and negotiations, followed by navigating the city’s zoning and permitting processes to obtain full entitlements for multifamily residential use. Working closely with local officials, community stakeholders, and consultants, the project team ensured compliance with all regulatory requirements while incorporating thoughtful design elements aligned with Burlington’s development goals. The development features a mix of one- and two-bedroom units across low-rise buildings, complemented by modern amenities and landscaped open spaces. The project not only met critical housing demand in the area but also contributed positively to the neighborhood’s fabric and economic vitality.

Construction

Four Pines in Burlington marks Sage’s first multifamily endeavor, a garden-style development that was completed in just 16 months, from start to finish. Delivered on schedule and well under budget, the project stands out not only for its efficiency, but for being successfully executed during the challenges of the COVID-19 pandemic.

Investment

Four Pines, a 96-unit apartment community in the Burlington-Mount Vernon area, marked a key milestone in Sage Homes’ multifamily strategy. Completed and stabilized in 2022, the project significantly outperformed expectations and was sold ahead of schedule. Acting as General Partner, Sage structured and executed the deal to deliver exceptional returns for its investment partners, demonstrating the firm’s ability to unlock value through timing, alignment, and execution.