Updated Jan 6, 2026
Timberlane Partners Acquires Jackson Apartments Multifamily Property In Seattle For $173 Million
2401 South Jackson Street
$173,000,000
Units
532
Asset Type
MultiFamily
Closing
Jan 5, 2026
About this deal
AI
A multifamily property located at 2401 South Jackson Street in Seattle, WA was sold. The asset consists of 532 units and the transaction involved a sale price of $173,000,000, which translates to a price per unit of $325,188.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $173,000,000
- Buyer: Timberlane Partners
- Seller: Vulcan Real Estate
- Units: 532
- Price per Unit: $325,188
A PCCP–Timberlane Partners joint venture was involved in the acquisition of the property. The transaction took place on 01/05/2026, marking a significant deal within Seattle’s Central District.
Players
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93