Trinity Property Consultants Acquires 337-Unit Arrive Magnolia In Seattle From Weidner Apartment Homes For $106.5M

The asset involved in this transaction is a multi-family property located at 3520 27th Place West, Seattle, WA, with a sale price of $106,500,000. This property consists of 337 units, resulting in a per-unit price of $316,024. The property has undergone renovations and now boasts modern amenities along with extensive facilities such as a pool, gym, and clubhouse.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $106,500,000
• Buyer: Trinity Property Consultants
• Seller: Weidner Apartment Homes
• Units: 337
• Price Per Unit: $316,024

Weidner Apartment Homes previously acquired the property in 2005 for $47,700,000. Trinity Property Consultants completed the transaction through an affiliate, indicating the strategic move to invest in the Seattle market.