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1300 North 20th Street
SOLD

Waterton Purchases 186-Unit Multifamily Property In Renton From New York Life Real Estate Investors

1300 North 20th Street

MultiFamily
clock iconSold 82 days ago
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Summary

Sale
WASHINGTON
MultiFamily

The multifamily property located at 1300 North 20th Street in Renton, WA, consisting of 186 units, was sold for $53.13 million. The buyer, Waterton, acquired the apartment complex from an affiliate of New York Life Real Estate Investors. With a price per unit of $285,645, this transaction marks Waterton's investment in the property known as 2000 Lake Washington.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $53,130,000
  • Units: 186
  • Price Per Unit: $285,645
  • Address: 1300 North 20th Street
  • Market: Renton, WA

Waterton, a Chicago-based investment manager, successfully closed the deal as the buyer for the 186-unit apartment property in Renton. On the other end of the transaction, the seller was an affiliate of New York Life Real Estate Investors. This acquisition further solidifies Waterton's presence in the real estate market, showcasing their strategic investment decisions in the multifamily sector.

Details

Deal Summary
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SOLD
IMAGE: 04/29/2024 ADDRESS: 1300 North 20th Street MARKET: Renton, WA ASSET TYPE: Multifamily BUYER: Waterton SELLER: Affiliate of New York Life Real Estate Investors SALE PRICE: $53,130,000 UNITS: 186 ~ PPU: $285,645 NOTE: Waterton, a Chicago-based investment manager, has acquired the 186-unit apartment property, 2000 Lake Washington, in Renton, Washington, for $53.13 million, purchasing it from an affiliate of New York Life Real Estate Investors.

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Address1300 North 20th Street

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