Yat-Pang Au Of Veritas Investments Buys Multifamily Buildings In Seattle For $18M

The multifamily property located at 305 & 311 Bellevue Avenue East in Seattle, WA was recently sold for $18,000,000. The transaction involved Veritas Investments, represented by Yat-Pang Au, purchasing the two residential buildings from Mayfield Investment Company, represented by John DesCamp.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Buyer: Yat-Pang Au - Veritas Investments
• Seller: John DesCamp - Mayfield Investment Company
• Market: Seattle, WA
• Address: 305 & 311 Bellevue Avenue East

An affiliate of Veritas Investments made this purchase amidst financial struggles related to its California properties, acquiring the two residential buildings in Capitol Hill. The deal was finalized successfully with the sellers being the Mayfield Investment Company.