Kennedy Wilson Acquires Pratt Park Apartments In Seattle For $80.4 Million From Security Properties & Rockwood Capital

The property asset involved in the transaction is a multi-family apartment complex located at 1800 South Jackson Street, Seattle, WA. It encompasses 249 units with a sale price of $80,400,000, resulting in a per unit price of $322,892. Additionally, 20% of the units are designated for low-income tenants under Seattle's tax exemption program.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $80,400,000
• Units: 249
• Price Per Unit: $322,892
• Buyer: Kennedy Wilson
• Seller: Security Properties & Rockwood Capital
• Sale Date: 07/30/2025
• Market: Seattle, WA

Key individuals involved in the deal include Kennedy Wilson as the buyer and Security Properties along with Rockwood Capital as the sellers. This acquisition reflects Kennedy Wilson's strategic investment in the Seattle market, specifically targeting the Pratt Park Apartments within the Central District.