Berkshire Residential Investments Acquires Multifamily Walton Lofts In Seattle For $56M
Washington
See Similar DealsBerkshire Residential Investments Acquires Multifamily Walton Lofts In Seattle For $56M
75 Vine Street
See Similar DealsSummary
The property involved in the transaction is a multifamily asset located at 75 Vine Street in Seattle, WA. It comprises 136 units and was sold for $56,000,000, resulting in a price per unit of $411,765. This transaction marks an addition to Berkshire Residential Investments' portfolio in the Seattle area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $56,000,000
- Address: 75 Vine Street
- Market: Seattle, WA
- Units: 136
- Price Per Unit: $411,765
- Buyer: Berkshire Residential Investments
- Seller: Clarion Partners
In this transaction, Berkshire Residential Investments, as the buyer, acquired the property from Clarion Partners, the seller. This marks the third property that Berkshire Residential Investments has purchased in the Seattle area. The sale price reflects a decrease of $20,000,000 compared to the 2016 sale price of the property.
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