Weidner Apartment Homes Acquires Via 6 Apartments In Seattle For $287.44M From New Tower Trust & Pine Street Group

The asset involved in this transaction is the multifamily property known as Via 6 Apartments, located at 2121 6th Ave in Seattle, WA. The property comprises 654 units, with a sale price of $287,440,000, translating to a price per unit of $439,511. The acquisition was financed with a $185.78 million Fannie Mae loan from JLL.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $287,440,000
• Location: 2121 6th Ave Seattle, WA
• Units: 654
• Price Per Unit: $439,511
• Buyer: Weidner Apartment Homes
• Seller: New Tower Trust & Pine Street Group
• Loan Amount: $185,780,000

The buyer, Weidner Apartment Homes, is a well-known operator in the multifamily space, while the sellers, New Tower Trust and Pine Street Group, are recognized players in real estate investment. This transaction facilitates Weidner Apartment Homes' expansion in the Seattle market.