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.
Sensing the opportunity to expand again 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 an opportunity presented itself to take over the historic Shelton Hotel building at First & Railroad in Shelton, WA. 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 were added to the company portfolio. Deer Run is in a beautifully wooded setting where deer regularly roam. These are all two-bedroom units.
Some properties have come and gone but our mission remains to assist residents to rent the home meant for them.