TA Realty Purchases Boulder Creek Multifamily Community From Nuveen Real Estate For $102M

Nuveen Real Estate sold Boulder Creek, a 204-unit apartment and townhome community, located at 4425 Issaquah-Pine Lake Road Southeast in Issaquah, WA. The property, which spans nearly 34 acres across 24 buildings, was acquired by TA Realty for $102 million. The price per unit is $500,000, with the property previously selling for $84.6 million in 2019.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $102,000,000
• Units: 204
• PPU: $500,000
• Buyer: TA Realty
• Seller: Nuveen Real Estate
• Brokers: Eli Hanacek, Kyle Yamamoto & Natalie Kasper - CBRE

CBRE facilitated the sale on behalf of Nuveen Real Estate, representing the seller in this transaction. The brokerage played a key role in executing the deal, connecting the buying entity, TA Realty, with the multifamily asset in Sammamish, Washington.