Waterton Purchases 386-Unit Brackett Apartments In Edmonds From Intercontinental Real Estate Corp And TruAmerica Multifamily For $124M

The Brackett Apartments, a multifamily asset consisting of 386 units, were sold for $124 million. Located at 9501 244th St Sw in Edmonds, WA, the property reflects a price per unit of approximately $321,244.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $124,000,000
• Units: 386
• Address: 9501 244th St Sw
• Market: Edmonds, WA
• Buyer: Waterton
• Seller: Intercontinental Real Estate Corp & TruAmerica Multifamily
• Brokers: Eli Hanacek, Kyle Yamamoto, Mark Washington & Natalie Kasper - CBRE

This transaction involved Waterton acquiring the property from a partnership of Intercontinental Real Estate Corp and TruAmerica Multifamily, facilitated by the brokerage team from CBRE, consisting of four brokers who played distinct roles in the deal.