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

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.