Deals - West

Security Properties Buys $26M Community in Seattle
Security Properties purchased the 124-unit community and plans to renovate the 96 original units. Madrona Ridge Residential, an affiliate of the company, will manage the property.
Market Rate
Stepp Commercial Closes Sale of Long Beach Property
The community traded at a 3.8 percent cap rate and a price per unit of nearly $456,000, a record high for the Belmont Shore area in California.
Market Rate
Western Wealth Snags Phoenix Community
The company paid $13.4 million to acquire Tierra Santa, a 274-unit property at 4620 W. McDowell Road. ARA Newmark brokered the transaction, which was subject to a $10 million loan originated by Walker and Dunlop.
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