SoCal apartment managers are buyers of Federal Way property

The unnamed party that placed the winning $1.893 million bid on undeveloped Federal Way property in front of the Orchard Post Office is a southern California apartment management firm.

Trinity Property Consultants, based in Irvine, Calif., ultimately bid twice the assessed value of the 7.93 acres in a June 21 auction that included complete architectural plans for a proposed 196-unit Skyline Apartments that were never built.

Trinity Property Consultants manages more than 23,000 apartment units in about 103 apartment complexes in 16 states, including 12 in Washington, one in Oregon and 10 in Colorado.

The Ada County Assessor’s Office lists RTA Skyline LLC as the new owner of the 2120 Hudson Ave. property along Federal Way.

Michael B. Earl is listed as the manager of RTA Skyline LLC with the same Irvine address given as for Trinity Property Consultants, where Earl is president and chief operating officer. Earl has not returned several Idaho Business Review phone messages for an interview.

The property is assessed at $989,600 by the Ada County Assessor. RTA Skyline’s anonymous bidder and Corey Barton, the Treasure Valley’s largest homebuilder, deliberated extensively once bidding reached $1.625 million.

The new owners have submitted no project to Boise Planning & Development Services.