Core
apartment investors
JB Matteson is a real estate investment firm focused on acquiring Class A multi-family residential properties in major West Coast metropolitan areas. Over the last 60 years, JB Matteson has built a $1+ billion portfolio on behalf of several hundred private capital investors. Our mission is to deliver long-term, stable and increasing cash flow through proactive asset management, conservative financing and operational excellence.
About
JB Matteson's mission is to provide stable and increasing cash flow distributions from high-quality, investment-grade multifamily assets held for the long term.
JB Matteson’s portfolio is diversified among major metropolitan areas along the West Coast. The West Coast markets tend to outperform other markets in the country in terms of both occupancy and rent growth, resulting in positive growth in cash flow. The portfolio includes both urban mixed-use assets and suburban garden style apartments. The portfolio enjoys diversification by metropolitan area, employment drivers, and resident profile.
Team
Portfolio
Acquisitions Criteria
Major West Coast and Mountain infill markets
(Pacific Northwest, Northern California
Sacramento, Southern California,
Inland Empire, Salt Lake City, and Denver)
$30MM - $100MM
>100
2000 or newer
Urban podium/wrap, suburban garden style, Build-To-Rent ("BTR")
Core, Core+, Lease-Up
Giving Back - Our Second Year Supporting the Samaritan House
We came together once again as a team to support Samaritan House in San Mateo—an incredible organization dedicated to providing food, shelter, healthcare, and support services to those most in need in our community.
From food distribution and meal preparation to assisting families in the food store, our JBM team was proud to roll up our sleeves and make a difference. Giving back is a core part of who we are, and we are grateful for the opportunity to serve alongside such a dedicated organization.
💙 Thank you to everyone at Samaritan House for the impactful work you do every day. And thank you to our JBM team for showing up with energy, compassion, and teamwork!
#JBMGivesBack #CommunityFirst #SamaritanHouse #TeamJBM
JB Matteson Acquires Prairie Home Apartments in Vancouver, WA
Class A, 120-unit apartment community in Vancouver, WA added to $1B plus portfolio
San Mateo (September 4, 2025) - JB Matteson, Inc., a 60-year-old San Francisco Bay Area-based private real estate investment manager, today announced the acquisition of Prairie Home Apartments, a recently stabilized, Class A apartment community in Vancouver, Washington. Prairie Home Apartments is JB Matteson's second active investment in Vancouver and their fifth apartment investment in the Portland MSA.
Completed in 2023, the property consists of 120 apartment units with elevated interior finishes and a diverse mix of floor plans. The property features ample parking, including one covered carport spot per unit, a significant differentiator among its competitive properties. The residences feature full size washers and dryers, air conditioning units, and electric fireplaces alongside class A finishes such as quartz countertops and plank flooring. Prairie Home Apartments is well situated to attract and maintain a strong renter base looking for a suburban Portland lifestyle.
"Prairie Home Apartments will be a strong addition to JB Matteson's growing Pacific Northwest portfolio" said Jamie Blake, Vice President, Investments. "Vancouver's sustained population and job growth is attractive for multifamily investment and the success of our nearby investments in Vancouver gives us confidence in this location."
Tom Fischer, Director of Capital Markets, added "The addition of Prairie Home Apartments to our portfolio continues JB Matteson's investment strategy of acquiring high quality multifamily projects in major markets in the Western United States".
Sean Worl of Colliers brokered the transaction on behalf of the seller, while Managing Directors Briana DeHaan and Dennis Williams with Northmarq arranged acquisition financing with a life insurance company.
Investment Contacts
-
Thomas Fischer
Principal,
Director of Capital Markets
Northern California
(650) 458-2617
TFischer@JBMatteson.com -
Jamie L. Blake
Vice President, Investments
Southern California / Pacific Northwest
(650) 703-2411
JLBlake@JBMatteson.com -
Samuel Blake
Vice President, Investments
Colorado / Utah
(650) 703-6634
SBlake@JBMatteson.com
Investor Contacts
-
Katie Garrity Ashforth
Vice President,
Business Development and Investor Relations
(650)703-1896
KAshforth@JBMatteson.com -
Melinda Lee
Client Services Manager
(650) 802-1810
MLee@JBMatteson.com -
Matt Matteson