Philia Holding Co. began in 1990 with 3 partners and a four-plex in Tacoma, WA. Within 2 years we traded into 3 duplexes in Puyallup and shortly after added 2 more in Sumner.
When one partner moved out of the area the remaining partners purchased his shares and it remained this way for 17 years until 2015 when one of the remaining partners retired.
An opportunity to expand presented itself in 2003 the Puyallup and Sumner properties were put up for sale. With the equity that had built up over the years purchases were made of several new construction homes and townhomes in Lacey and Tumwater. With the advantage of favorable markets additional properties were added throughout the greater Olympia community.
In 2006 the historic Shelton Hotel building at First & Railroad in Shelton, WA was added to the portfolio. This mixed-use property had recently undergone significant renovation and remained in the portfolio until the end of 2021.
In 2008 the Deer Run apartments on Olympia’s West Side was purchased. Deer Run is in a beautifully wooded setting where deer regularly roam. These are all two-bedroom units. Renovations began in 2020 and the units have been updated to to a quality standard that includes open-concept living, quartz countertops, ductless heat pumps and air conditioning!
In 2019 the Prairie Village Duplex community near Rochester, WA was purchased. These spacious duplex units are single level and open to large yards with views of expansive pasture lands. The sounds of neighboring horses and goats lend to the serene prarie environment.
Some properties have come and gone but our mission remains to assist residents to rent the home meant for them.