Sage Homes Northwest
Sage Homes Northwest is a vertically integrated real estate developer founded in 2007 and based in Seattle, Washington. The company develops, constructs, and manages multifamily apartment communities and for-sale single-family and townhome projects across the Pacific Northwest, Texas, and Virginia, serving home buyers, rental residents, and real estate investors.
- Company typePrivate
- Founded2007
- HeadquartersEverett, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Sage Homes Northwest does
Sage Homes Northwest is a vertically integrated real estate development firm founded in 2007 and headquartered in Seattle, Washington, with operations in the Pacific Northwest, Texas, and Virginia. The company develops, constructs, and manages multifamily apartment communities and for-sale single-family and townhome projects, operating as both owner and general contractor across the development lifecycle from land acquisition through construction and asset management. Its portfolio includes ground-up multifamily communities ranging from 96 to 336 units (notably The Elowen, a 324-unit development in Lacey, WA), value-add multifamily portfolios acquired via 1031 exchanges, and a track record of for-sale townhome and single-family communities across Washington State, with several delivering substantial value uplift from acquisition cost (e.g., Cedarwood acquired at $16.09M delivered at $71.8M; Aqua acquired at $7.25M delivered at $33M).
The company generates revenue through multiple streams: one-time home sales revenue from completed for-sale communities, recurring rental income from stabilized multifamily properties, development and asset management fees, and a "Sell Your Land" program that purchases entitled and unentitled land from owners across the United States. The target customer base includes individual home buyers, rental residents, accredited and institutional real estate investors, and land sellers. As of early 2025, the company reports having delivered more than 2,000 homes or units under construction, with plans to deliver 750 additional multifamily homes across the Pacific Northwest over the following two years.
Sage Homes is led by co-founders Jesse Molnick and Todd Leabman, supported by a senior team drawn from D.R. Horton, Lennar, Lincoln Property Company, CBRE, and Avalon Bay. Capital relationships with institutional providers including Kennedy Wilson and PGIM Real Estate support project-level construction financing—most recently a $67.62M financing for the company's flagship Cypress/Elowen project arranged by CBRE. Geographic expansion has been a deliberate strategic thrust, with a Texas Division office opened in Fort Worth and a pipeline of large multifamily communities across the DFW metroplex.
Sage Homes Northwest firmographics
Firmographics- Name
- Sage Homes Northwest
- Legal name
- Sage Homes
- Website
- https://sagehomesnw.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sage Homes Northwest is a vertically integrated real estate developer founded in 2007 and based in Seattle, Washington. The company develops, constructs, and manages multifamily apartment communities and for-sale single-family and townhome projects across the Pacific Northwest, Texas, and Virginia, serving home buyers, rental residents, and real estate investors.
- Ownership category
- akta.pro rank
Sage Homes Northwest industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Land Subdivision (2372), Residential Building Construction (23611)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)
Keywords
Where Sage Homes Northwest is headquartered
LocationHeadquarters
- HQ city
- Everett
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Sage Homes Northwest business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Single-Family Home Sales: Development and sale of single-family homes and townhome communities. Revenue generated from home sales upon completion, including projects like Harbor's Edge, Juniper, Alderview, and various Seattle-based developments. Revenue recognition occurs at sale closing.
- Multifamily Rental Income: Development and operation of multifamily apartment communities generating rental income. Includes stabilized properties like Markwood Apartments (214 units), Walnut Trail Apartments (120 units), Trailhead at the Preserve (109 units), and value-add portfolios in Lakewood, Monroe, and Virginia.
- Development Management Fees: Fees earned for overseeing development projects including site selection, entitlement, construction management, and lease-up. Applied to both proprietary developments and joint venture partnerships.
- Asset Management: Ongoing asset management services for multifamily portfolios including performance optimization, tenant relations, and capital improvement planning. Services provided from initial site selection through operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Single-family homes and townhomes - price varies by community |
| Subscription | Monthly | Multifamily rental units - market rate pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Sage Homes Northwest product offering
Product offeringCore offering
Sage Homes Northwest is a vertically integrated real estate developer that designs, builds, and sells custom single-family homes, townhomes, and multifamily apartment communities across the Pacific Northwest and Texas. The company also offers investment partnership opportunities to accredited and institutional investors and operates a direct land acquisition program for property owners. Revenue is generated through home sales at closing, recurring rental income from stabilized multifamily properties, and asset and development management fees for portfolio clients.
Product overview
Sage Homes Northwest is a real estate development company offering a vertically integrated platform spanning multifamily developments, single-family home communities, and investment partnership services. The portfolio includes market-rate and value-add multifamily properties (apartments and townhomes) alongside for-sale single-family detached homes and townhome communities. Core service offerings encompass land acquisition, development management, construction management, and asset management. The company operates primarily in Washington State and Texas markets, with notable communities including The Palomino (300-unit garden-style in Texas), Green Meadows (312-unit in Celina, TX), Western Trails (228-unit in Olympia), King Mountain (175-unit in Bellingham), The Elowen (324-unit in Lacey), Markwood Apartments (214-unit in Burlington), Harbor's Edge townhomes (24-unit in Everett), Juniper townhomes (21-unit in Bothell), and Cedarwood/Sagebrush/Alderra/Aqua urban Seattle townhome projects totaling over 200 units. The company provides investor relations services for strategic real estate investments and land acquisition services for property sellers.
Differentiator
Problem solved
Functional benefit
Products and services
- Multifamily Developments Vertically integrated ground-up development of market-rate and value-add apartment communities (garden-style, mid-rise, and high-rise) ranging from roughly 47 to 336 units, with Sage Homes acting as both owner and general contractor. Communities are strategically sited in high-employment-growth Pacific Northwest and Texas submarkets.
- Single Family Developments For-sale single-family homes, townhomes, and duplex communities built with quality craftsmanship and timeless design, ranging from 11-unit infill townhome projects to 77-home communities across Washington State markets such as Seattle, Bothell, Everett, Marysville, Monroe, Edmonds, Lynnwood, Blaine, Ferndale, and Port Angeles.
- Investor Relations Investment partnership program offering accredited investors, family offices, and institutional investors direct access to Sage Homes' multifamily ground-up developments and stabilized value-add portfolios, providing strategic real estate investments focused on sustainable, long-term returns.
- Sell Your Land Direct land acquisition program for property owners, estates, and institutional landholders with sites suitable for residential development, offering property analysis, tailored offers, feasibility studies, and flexible closing schedules. Sage Homes will work directly with landowners or with their retained brokers and attorneys.
- Customer Care & Warranty Services Post-purchase homeowner support program including a 1-Year Workmanship Warranty, a 6-Year Limited Structural Warranty, a dedicated customer care team with a 24/7 emergency support hotline, and a warranty login portal for new-home buyers.
- The Elowen (Cypress Apartments) 324-unit garden-style apartment community on a 23.6-acre site in Lacey, WA along the I-5 corridor; the largest multifamily development in Sage Homes' history, now in lease-up phase.
- Markwood Apartments 214-unit two-phase apartment community in Burlington, WA near the Skagit River offering spacious one-, two-, and three-bedroom homes with elevated amenities; completed ahead of schedule and under budget.
- Walnut Trail Apartments 120-unit apartment community in Burlington, WA featuring contemporary interiors with a blend of one-, two-, and three-bedroom units in a prime location with access to shopping, dining, and recreation.
- Trailhead at the Preserve 109-unit apartment community in Bremerton, WA next to Illahee Preserve featuring modern interiors, outdoor retreats, and views of the Olympic Mountain Range.
- Lakewood Portfolio 130-unit, three-property value-add apartment portfolio in Lakewood, WA offering renovated homes with pet-friendly living and easy access to shopping, dining, and major employers.
- Monroe Portfolio 47-unit, two-property value-add portfolio in Monroe, WA (Cherry Creek and Parkside) featuring duplexes and townhomes with modern conveniences, pet-friendly green spaces, and proximity to Skykomish River Park; achieved 40%+ rent increases through value-add improvements.
- Virginia Portfolio Value-add multifamily portfolio originally consisting of 112 units across three properties in the Richmond, VA submarket; currently 64 units (Huntwood and Oakwood communities) remain under Sage management.
- Four Pines Apartments 96-unit garden-style apartment community in Burlington, WA; Sage Homes' inaugural multifamily development project, completed in 16 months during COVID-19 on time and under budget, and subsequently sold.
- Armar Townhomes 11-unit value-add townhome community in Marysville, WA featuring spacious two-bedroom, two-story residences averaging 1,134 sq. ft., recently renovated with new flooring and modern lighting.
- Harbor's Edge 24-unit for-sale townhome community in Everett, WA offering three-story townhomes with 3-4 bedrooms, 3 bathrooms, and over 1,700 sq. ft. of living space near Mukilteo's Lighthouse Park and Edgewater Beach Park.
- Juniper 21-unit for-sale townhome community in Bothell, WA featuring three-story homes with 3-4 bedrooms, up to 2,500 sq. ft., and open-concept layouts near parks, trails, and top-rated schools.
- Alderview 77-home for-sale community in Marysville, WA featuring spacious four-bedroom homes with upscale finishes, flexible layouts, covered patios, quartz countertops, and soft-close cabinetry.
- Ridgeline 49-home for-sale single-family community in Marysville, WA featuring 3-4 bedroom homes with gas fireplaces, hardwood flooring, granite countertops, vaulted ceilings, and backing up to a lush greenbelt.
- Foxborough 18-unit for-sale townhome community in Monroe, WA featuring 3-4 bedroom homes from 1,866 to 2,108 sq. ft. with quartz countertops, mini-splits, and 2-car garages.
- Reserve at Valley Creek Mixed home-type for-sale community in Port Angeles, WA featuring single-family homes, duplexes, and townhomes with varied floorplans surrounded by lush forest; the first planned community in the Port Angeles area, delivered through a joint venture.
- Westbrook Townhomes 60-unit for-sale townhome community in Lynnwood, WA featuring 3-4 bedroom homes from 1,706 to 2,155 sq. ft. with quartz countertops, stainless steel appliances, and covered decks.
- Catalina 22-home for-sale single-family community in Marysville, WA featuring 5-6 bedroom homes from 2,350 to 2,823 sq. ft. with quartz countertops, stainless steel appliances, and fully landscaped backyards.
- Woodberry For-sale single-family home community in Blaine, WA in the Semiahmoo area with homes ranging from 2,037 to over 3,000 sq. ft., featuring premium finishes, vaulted ceilings, and coastal living.
- Malloy Terrace 28-home for-sale single-family community in Ferndale, WA with 3-5 bedroom homes featuring open-concept living, walk-in pantries, and flexible layouts.
- Meadowdale Townhomes 27-unit for-sale townhome community in Edmonds, WA featuring 3-4 bedroom, 3-bathroom homes with covered porches, stainless steel appliances, quartz countertops, and 1-2 car garages.
- Cedarwood For-sale townhome community in Seattle, WA featuring attached and detached homes with rooftop decks, expansive windows, and refined interiors for modern urban living; final valuation of $71.8M against $16.09M land acquisition.
- Sagebrush 51-unit for-sale townhome community in Seattle, WA featuring modern attached homes with air conditioning, gas fireplaces, rooftop decks, and energy-efficient green building practices.
- Alderra High-density for-sale urban infill townhome community in Seattle, WA featuring detached and attached homes with floor-to-ceiling windows, rooftop retreats, and modern finishes.
- Aqua 50-unit for-sale urban infill project in Seattle, WA featuring a mix of attached and detached homes with open layouts, rooftop decks, city views, air conditioning, and fireplaces.
Quantifiable outcome
- Delivered over 2,000 homes with more under construction as of early 2025
- +4 more outcomes
Companies that use Sage Homes Northwest
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Sage Homes Northwest technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Sage Homes Northwest partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Joint Venture Partner (Port Angeles)minorReserve at Valley Creek was delivered through a joint venture with a trusted partner, leveraging finished lots to efficiently bring new single-family homes to market. This was the first planned community in the Port Angeles area.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Sage Homes Northwest competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sage Homes Northwest social profiles
Digital presenceSage Homes Northwest financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sage Homes Northwest leadership team
Management profileNumber of profiles
Profiles17 records
Sage Homes Northwest funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sage Homes Northwest M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sage Homes Northwest
What does Sage Homes Northwest do?
Sage Homes Northwest is a vertically integrated real estate developer that designs, builds, and sells custom single-family homes, townhomes, and multifamily apartment communities across the Pacific Northwest and Texas. The company also offers investment partnership opportunities to accredited and institutional investors and operates a direct land acquisition program for property owners. Revenue is generated through home sales at closing, recurring rental income from stabilized multifamily properties, and asset and development management fees for portfolio clients.
Is Sage Homes Northwest a public or private company?
Sage Homes Northwest is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Sage Homes Northwest founded?
Sage Homes Northwest was founded in 2007. It employs 11 to 50 people.
Where is Sage Homes Northwest based?
Sage Homes Northwest is headquartered in Everett, United States, in the North America region.
How does Sage Homes Northwest make money?
Four revenue lines are on record. Single-Family Home Sales are the primary driver. The others are multifamily Rental Income, development Management Fees and asset Management.
Does Sage Homes Northwest have an API?
No public API is recorded for Sage Homes Northwest.
What industry is Sage Homes Northwest in?
Sage Homes Northwest's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of IMAFABAD, Spec Home / Production Homebuilding (Tract & Volume Builders). Its NAICS code is 236117 and its SIC code is 6552.