Philia Holding Co. began in 1990 with 3 partners and a four-plex in Tacoma, WA. Within 2 years we traded into 6 units in Puyallup and shortly after added 4 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 utilizing the expertise OF Cynthia Niles of Lighthouse Real Estate. With the equity that had built up over the years purchases were made of 13 new construction homes and townhomes in Lacey and Tumwater. With the advantage of favorable markets we quickly added additional properties 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 property had recently undergone significant renovation. It hosts 38 apartments on the 2nd and 3rd floors as well as office, retail and restaurant space on the street level.
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 can actually be seeing on a regular basis. There are 24 two-bedroom units.
In late 2015 the Olympic Crest Apartments in Shelton were incorporated into the portfolio. This mix of 1 and 2 bedroom units sit above Kneeland Park overlooking a wooded ravine on a quiet dead end street.