Number of Units: 44
Acquisition Date: October 2013
In October 2013, CCS acquired The Commencement, a 62-unit luxury condo tower overlooking Commencement Bay near Tacoma, WA. The previous owner has acquired the half-completed Commencement building, completed construction, and begun leasing the units as apartments. CCS saw value in a condo conversion, acquired the building for cash, and begun the conversion process.