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

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.