Fairfield Residential Acquires Riverpark Apartments In Redmond For $147 Million From Equity Residential

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.