GID Acquires 524-Unit Griffis North Creek Multifamily In Bothell For $195 Million

The property asset involved in the transaction is a multifamily complex located at 20225 Bothell-Everett Highway in Bothell, WA. The sale took place on September 29, 2026, with a total price of $195,000,000. The asset consists of 524 residential units spanning 49.16 acres, resulting in a price per unit of $372,137.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $195,000,000
• Units: 524
• Price Per Unit (PPU): $372,137
• Seller: Griffis Residential
• Buyer: GID
• Brokers: Giovanni Napoli, Philip Assouad, Ryan Harmon, Nicholas Ruggiero & Anthony Palladino - Institutional Property Advisors
• Acreage: 49.16

GID acquired the 524-unit Griffis North Creek apartment complex from Griffis Residential, which had renovated 43% of its units and common areas prior to the sale. Institutional Property Advisors represented Griffis Residential in the transaction and successfully procured GID as the buyer.