Updated May 12, 2025
Fairfield Residential Acquires Riverpark Apartments In Redmond For $147 Million From Equity Residential
15803 Bear Creek Parkway
$147,000,000
Units
321
Asset Type
MultiFamily
Closing
Apr 23, 2025
About this deal
AI
The property asset involved in this transaction is the Riverpark Apartments, a multi-family complex located at 15803 Bear Creek Parkway in Redmond, WA. The property comprises a total of 321 units and features amenities such as a fitness center and a dog park. It was purchased for a transaction amount of $147 million, which equates to a price per unit of $457,944.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $147,000,000
- Buyer: Fairfield Residential
- Seller: Equity Residential
- Broker: Kidder Mathews
- Units: 321
- Price Per Unit: $457,944
This transaction highlights the involvement of key players in the real estate industry, with Fairfield Residential acquiring the asset from Equity Residential. The deal was brokered by Kidder Mathews, facilitating the exchange of this multi-family property.
On the Map
$147,000,000
MultiFamily
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Players
Redmond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $457.9K per unit across 321 units on a published $147M (2025).
Browse Redmond multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93