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Abacus Capital Group Acquires 400-Unit Multifamily Community In Renton, WA For $107M

Property Image
SOLD
$107,000,000
Mark Washington
Kyle Yamamoto
Eli Hanacek
+ 1

Washington

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MultiFamily
Sold 12/28/2023
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Property Image
SOLD

Abacus Capital Group Acquires 400-Unit Multifamily Community In Renton, WA For $107M

15030 Southeast 179th Street

See Similar Deals
MultiFamily
Sold 12/28/2023
Mark Washington
Kyle Yamamoto
Eli Hanacek
+ 1
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The Carriages at Fairwood Downs, a 400-unit multifamily community in Renton, Washington, has been sold. The property, located at 15030 Southeast 179th Street, sits on approximately 28 acres of land. The sale was orchestrated by CBRE, with New York-based Abacus Capital Group acquiring the property for a total of $107 million.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $107,000,000
  • Address: 15030 Southeast 179th Street, Renton, WA
  • Market: Renton, WA
  • Buyer: Ben Friedman - Abacus Capital Group
  • Seller: Sequoia Equities, Inc
  • Brokers: Eli Hanacek, Kyle Yamamoto & Mark Washington - CBRE
  • Units: 400
  • Price per Unit: $267,500

The Carriages at Fairwood Downs attracted the attention of Abacus Capital Group, who saw the potential in this 400-unit multifamily community. CBRE played a pivotal role in facilitating the sale, paving the way for a successful transaction.

Players

Eli Hanacek
CBRE
Eli Hanacek
20 deals$1.7B volume
BROKER
Mark Washington
CBRE
Mark Washington
18 deals$1.6B volume
BROKER
Kyle Yamamoto
CBRE
Kyle Yamamoto
20 deals$1.7B volume
BROKER
Ben Friedman
Abacus Capital Group
Ben Friedman
6 deals$458.7M volume
BUYER

Details

SOLD
IMAGE: Ben Friedman, Eli Hanacek, Kyle Yamamoto & Mark Washington DATE: 12/28/2023 ADDRESS: 15030 Southeast 179th Street MARKET: Renton, WA ASSET TYPE: Multifamily ~ ACRES: 28 BUYER: Ben Friedman - Abacus Capital Group SELLER: Sequoia Equities, Inc BROKERS: Eli Hanacek, Kyle Yamamoto & Mark Washington - CBRE SALE PRICE: $107,000,000 UNITS: 400 ~ PPU: $267,500 NOTE: CBRE orchestrated the sale of The Carriages at Fairwood Downs, a 400-unit multifamily community in Renton, Washington, with New York-based Abacus Capital Group acquiring the property for $107 million.

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