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Resmark Plans 48 New Homes in Bentley Master-Planned Community in Bothell, Washington

May 22, 2012

Large, well-appointed homes will soon be under construction by Element Residential

Resmark Land and Housing, a division of the Resmark Companies, in conjunction with Element Residential, announced today that it will build the final 48 homes in the popular master-planned community of Bentley in North King County. Resmark has completed the acquisition of 24 lots with the remaining 24 expected to close in the next 12 months. Element Residential, an experienced local home builder, will design and construct the new homes with Windermere Realty serving as the exclusive marketing agent for the property.

"Bentley is an attractive community near good schools, recreation and other amenities, which makes it a strong location choice for families and an attractive investment for Resmark. We look forward to working with Element Residential on our first single family for-sale development in Washington," said Leigh Austin, Sr. Vice President, Investments, for Resmark Land and Housing.

Homes will be offered in seven different floor plans ranging from four to six bedrooms and from 3,337 to 4,614 square feet. The lots average 10,124 square feet, allowing ample space for outdoor living and recreation. Located at the intersection of 100th Avenue NE and NE 145th Street, the development is north of Kirkland with easy access to the region’s major thoroughfares and business centers.

"The final phase of Bentley is comprised of large lots, many offering views of the surrounding Puget Sound area. The stylish and comfortable new homes will complement and enhance the entire community," added Joshua Freed, President, Element Residential.

Construction of the first 24 homes is expected to begin in June, with an on-site sales office also opening that month.

Resmark Land and Housing invests in single family attached and detached developments in the western United States and select major metropolitan markets including the greater Seattle area. Resmark’s multifamily division, Resmark Apartment Living, recently announced the development of Elan Redmond Town Center, a 134-unit apartment joint venture project in Redmond, Washington.

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