BRIDGE to Convert Seattle Community to Affordable Housing
The buyer has acquired more than 800 affordable units on the West Coast during the past year.

West Coast affordable housing developer BRIDGE Housing has acquired Vue Kirkland Apartments in Kirkland, Wash., a suburb of Seattle. Following the purchase, the 200-unit multifamily market-rate community will be turned into long-term affordable housing.
The property sold for $55.2 million, as reported by the Daily Journal of Commerce.
Homes at Vue Kirkland are sectioned into studio, one- and two-bedroom residences. They will be converted to rent-restricted apartments for those earning between 50 to 80 percent of the Area Median Income. To facilitate the conversion, BRIDGE has entered a partnership with the City of Kirkland and A Regional Coalition for Housing that gives them a property tax exemption for the conversions. This exemption will grow to 100 percent as units continue to convert to affordable housing. Amazon also provided a loan for the acquisition.
Support of the acquisition also came from a financing agreement with Morgan Stanley and National Equity Fund. The $250 million revolving credit facility allows BRIDGE to capitalize on affordable housing opportunities faster than traditional financing.
According to Yardi Matrix information Vue Kirkland was previously owned by Acacia Capital, with AMC managing the property. The same source shows that Acacia purchased the community in 2015 for approximately $41 million. As of April 2025, the community was 95 percent leased.
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Vue Kirkland features community amenities such as a clubhouse, swimming pool, fitness center and two shared laundry facilities. Located at 11733 NE 131st Place in Kirkland, the community is 16 miles outside of Seattle. Nearby is the Village at Totem Lake, offering various retail options.
BRIDGE’s affordable housing projects
Vue Kirkland is not the company’s first acquisition in Seattle, but it is the first property the company is converting from market-rate to affordable housing. With this latest acquisition, BRIDGE has acquired more than 800 apartments across three West Coast states in the last year that are being used to increase affordable housing.
Currently in the Seattle area, there is approximately $4.5 billion in loan volume for affordable housing projects, according to the latest Yardi Matrix study.
Nearby in Bellevue Wash., construction began on a new 234-unit affordable housing community in the Spring District, which Amazon also helped finance. The community is reserved for those making 60 percent AMI and 40 units are reserved for people with developmental disabilities. When the community opens, Wellspring Family Services and Open Doors for Multicultural Families will offer on-site support to residents.
Earlier this year, a joint venture between BRIDGE, Portland Housing Bureau and Tri-County Metropolitan Transportation District started work on HollywoodHUB, a new 224-unit affordable housing community in Portland, Ore. Apartments at community will be reserved for people making between 30 and 60 AMI. The project is set to finish construction in 2027, and will cost $155 million.
In November, BRIDGE acquired Bethany Meadows, a 340-unit community in Portland, Ore. With the purchase, the company kept the property from transitioning to market-rate rents. These units will be for residents making 60 percent AMI.