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TruAmerica Acquires 196-Unit Plum Tree Park Apartments In Renton For $47.2 Million

Property Image
SOLD
$47,200,000

Washington

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MultiFamily
Sold 10/28/2025
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Property Image
SOLD

TruAmerica Acquires 196-Unit Plum Tree Park Apartments In Renton For $47.2 Million

200 Southwest 5th Place

See Similar Deals
MultiFamily
Sold 10/28/2025
the dealplayerscompscontact
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in this transaction is the Plum Tree Park apartments, a multifamily property located at 200 Southwest 5th Place, Renton, WA. The sale price for this asset was $47.2 million, which breaks down to approximately $240,816 per unit. The property consists of 196 residential units, contributing to its substantial market presence.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $47,200,000
  • Units: 196
  • Price Per Unit: $240,816
  • Buyer: Robert E. Hart
  • Buyer's Company: TruAmerica
  • Seller: Eaton Vance affiliate

This transaction was facilitated by Robert E. Hart representing TruAmerica, who made the acquisition from an affiliate of Eaton Vance, marking a significant move in the Renton, WA market for multifamily assets.

Players

Robert E. Hart
TruAmerica Multifamily
Robert E. Hart
11 deals$912.1M volume
BUYER
TruAmerica Multifamily
TruAmerica Multifamily
BUYER

Details

SOLD
IMAGE: 10/28/2025 ADDRESS: 200 Southwest 5th Place MARKET: Renton, WA ASSET TYPE: Multifamily BUYER: Robert E. Hart - TruAmerica SALE PRICE: $47,200,000 UNITS: 196 ~ PPU: $240,816 NOTE: TruAmerica bought the 196-unit Plum Tree Park apartments in Renton, Wash., for $47.2 million, or $240,816 per unit, from an Eaton Vance affiliate.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$167,691.64
Cash-on-Cash Return-1.27%
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