Mesirow Financial Acquires Island Square Apartments From UDR Inc. For $157 Million

The multifamily property involved in this transaction is located at 2758 78th Avenue Southeast in Mercer Island, WA. The sale concluded on July 30, 2026, with Mesirow Financial acquiring the property from UDR Inc. for a total amount of $157,000,000. The asset consists of 235 units, translating to a price per unit of $668,085. The property, built in 2007, features units ranging from 468 to 1,729 square feet and includes amenities such as a fitness center, clubhouse, lounge, and courtyard.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $157,000,000
• Buyer: Mesirow Financial
• Seller: UDR Inc.
• Units: 235
• Price Per Unit: $668,085
• Location: 2758 78th Avenue Southeast, Mercer Island, WA
• Year Built: 2007
• Amenities: Fitness center, clubhouse, lounge, courtyard

The transaction was facilitated with Mesirow Financial representing the buyer, while UDR Inc. represented the seller in the deal. This acquisition marks a significant investment in the Mercer Island area, located approximately five miles east of Seattle.