Seattle
Seattle Multifamily Report – Fall 2019
Good demographic trends have strengthened the market and pressured developers to keep up with demand.
Bell Partners Expands Seattle-Area Holdings
The 222-unit property in Redmond, Wash., has been rebranded to Bell Marymoor Park.
RISE Properties Trust JV Acquires Seattle Apartments
Mesa West Capital provided $52 million in first mortgage debt for the acquisition and repositioning of Joseph Arnold Lofts.
RISE Properties Trust Expands Holdings with $102M Purchase
The Canadian multifamily REIT acquired Salix Juanita Village in Kirkland, Wash., and plans to renovate and reposition the 211-unit asset.
IPA Brokers Sale of West Seattle Asset
IPA’s Philip Assouad, Giovanni Napoli, Ryan Dinius and Sidney Warsinske worked on behalf of the seller and procured the buyer.
Abacus Capital Group Grows Seattle Presence
A team from Berkadia represented the seller in the $59.5 million disposition of The Renton Sage, a 284-unit community in Renton, Wash.
Vulcan Cashes In on $69M Luxury Seattle Sale
IPA brokered the disposition of the recently completed community in South Lake Union.
Revamped Seattle Community Traded for $17M
Kidder Mathews brokered the sale of Roxborough Apartments, while Commerce Bank of Washington provided financing.
Optimus Properties Lands Refi for 3 Seattle-Area Assets
Greystone and Umpqua Bank provided the non-recourse, fixed-rate loans for the communities.
Vulcan Sells Seattle Community for $98M
JLL brokered the sale of Augusta, a 210-unit property that includes ground-floor retail.