TMR Investments Acquires VIVE Apartments in Seattle’s Ballard Neighborhood

SEATTLE - May 18, 2026 - TMR Investments, a Seattle-based, operator-led multifamily investment firm, today announced the acquisition of VIVE Apartments, a 91-unit residential community located on 15th Ave. NW in the heart of Seattle's Ballard neighborhood. The acquisition expands the firm's Seattle portfolio and deepens its presence in one of the city's most dynamic and walkable urban submarkets.

Built in 2015, VIVE Apartments is a well-maintained, amenity-rich property offering a mix of studio and one-bedroom residences. The community features a rooftop deck, resident lounge, bike storage, and electric vehicle charging. VIVE is located within walking distance of Ballard Avenue's retail and dining district, the neighborhood's brewery corridor, and nearby Fremont and Phinney Ridge.

"This acquisition reflects our long-term conviction in Ballard and our strategy of building meaningful scale in high-quality submarkets," said Ryan Sheridan, principal at TMR Investments. "VIVE is an exceptional asset that complements our existing portfolio in the neighborhood, allowing us to operate more efficiently while continuing to deliver a strong resident experience."

The acquisition builds on TMR's growing presence in Ballard and North Seattle, where the firm owns and operates multiple multifamily communities totaling 255 units in the immediate area. The property will be managed by Thrive Communities, a Seattle-based property management firm that partners with TMR across several regional assets.

"VIVE represents a rare opportunity to acquire a stabilized, cash-flowing asset at a compelling basis - priced well below replacement cost and in line with its 2017 sale price. This entry point creates real downside protection for our investors," said Molly Santucci, Principal at TMR Investments.

TMR's Sheridan added that the VIVE acquisition reflects the firm's continued focus on identifying opportunities in supply-constrained, high-demand neighborhoods where strong fundamentals and long-term demographic trends support sustained performance.

Founded in 1981, TMR Investments has built its platform through disciplined underwriting, hands-on asset management, and long-term relationships with investors, partners, and local stakeholders. With more than $1 billion in multifamily acquisitions and over $400 million in investor capital deployed, the firm is known for its consistent execution, conservative approach to capital, and track record of preserving investor capital across multiple market cycles.

About TMR Investments

TMR Investments is a Seattle-based, operator-led multifamily investment firm with more than 40 years of experience acquiring, managing, and improving housing across multiple market cycles. Founded in 1981, the firm emphasizes disciplined underwriting, hands-on asset management, and long-term relationships - prioritizing capital preservation and consistent execution. With more than $1 billion in acquisitions and a proven track record of protecting investor capital, TMR partners with family offices, high-net-worth individuals, and institutional investors who value experience, transparency, and reliability.

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