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California Firm Fortifies Foothold in Puget Sound With Olympia Purchase

All 62 Units at Newly-Built Apartment Property Were Leased at Close of Deal
 Crescent Point Apartments in Olympia has a mix of one-, two- and three-bedroom units. (CoStar)
Crescent Point Apartments in Olympia has a mix of one-, two- and three-bedroom units. (CoStar)
By Dawn Helms
July 2, 2022 | 1:01 AM

Springhill Real Estate Partners, a California investment firm, has paid $21.3 million for Crescent Point Apartments, a small but nearly mint-condition multifamily complex in Olympia, Washington state's capital city at the far south edge of the Puget Sound.

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