Gelt Inc. Sells 490-Unit Multifamily Property In Kent & Federal Way, WA For $85.5M

The multifamily property located at 25426 98th Ave. & 2111 SW 352nd St. in Kent & Federal Way, Washington has been sold by Gelt Inc. The property consists of 490 units, with a sale price of $85,500,000. This equates to an average price per unit of $174,489.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $85,500,000
• Units: 490
• Price Per Unit: $174,489

The sale of this multifamily property was facilitated by Kenny Dudunakis, David Sorensen, Ben Johnson, and George Pallis of Berkadia, who represented Gelt Inc. in the transaction.