Security Properties Expands Portfolio With Two Property 480-Unit Multifamily Acquisition in Seattle Submarkets for $198.75 Million
SEATTLE, WA - Security Properties closed on a two-property portfolio acquisition in the Seattle MSA. The acquisition consists of 207 East Apartments, a 288-unit Class-A multifamily garden-style asset located in Edgewood, WA and Helm Apartments, a 192-unit Class-A garden-style asset located in Everett, WA. Both assets were developed in 2020 and are best in market assets. Security Properties now owns over 131 assets totaling over 27,553 apartment units across its portfolio, including 7,850 units...
Source: multifamilybiz.com
