Amoroso Companies Expands Portfolio with Strategic Acquisition of Evergreen Grove Multifamily Property in Lynnwood, Washington
Calabasas, CA — Amoroso Companies, a leading real estate investment firm with a longstanding history of success in multifamily properties, is pleased to announce the recent acquisition of Evergreen Grove, a prominent residential community in Lynnwood, Washington. This strategic addition marks another milestone in Amoroso’s expansion in the dynamic Pacific Northwest real estate market.
Located at 2709 Lincoln Way, Lynnwood, WA 98087, Evergreen Grove features 73 well-appointed units offering a mix of one and two-bedroom options tailored for comfort and convenience. This acquisition aligns with Amoroso’s commitment to enhancing its portfolio with properties that not only promise high returns but also enrich the local communities.
“Evergreen Grove represents an exciting opportunity for Amoroso Companies to deepen our presence in a rapidly growing region,” said Jason Amoroso, Chief Operating Officer. “This property fits perfectly with our strategy of investing in locations with strong economic fundamentals and significant growth potential. We are excited to bring our signature management style and community focus to Evergreen Grove.”
Evergreen Grove benefits from its proximity to major employment hubs, robust public transit, and a variety of lifestyle amenities, making it a highly desirable location for residents seeking quality living outside Seattle. The property’s strategic location combined with the region’s strong employment outlook underscores Amoroso’s investment philosophy of selecting properties that offer both value to investors and services to residents.
Under Amoroso’s ownership, Evergreen Grove will undergo select upgrades to enhance the living experience for current and future residents, with improvements focusing on modernizing fixtures and fittings, enhancing community areas, and implementing environmentally sustainable practices.
The acquisition of Evergreen Grove is part of Amoroso Companies’ broader strategy to expand its footprint across key markets in the United States, leveraging its deep industry expertise and commitment to operational excellence.
About Amoroso Companies
Founded in 1978, Amoroso Companies is a family-owned and managed company with a diversified portfolio that includes multifamily, hospitality, medical office, and self-storage assets. With over 40 years of experience in the real estate sector, Amoroso is known for its strategic asset management and commitment to the communities in which it operates.
