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Seattle & Northwest  + Apartments  | 

Vulcan Divests Seattle MF to Security, STARS REI JV for Nearly $100M

Vulcan Real Estate sold Augusta Apartments, a 209-unit apartment community in Seattle, to a joint venture between Security Properties and STARS REI for $98.1 million. The seven-story, LEED Platinum-certified property also includes 3,470 square feet of ground-floor retail space.

Amenities include a variety of shared indoor and outdoor spaces including a roof deck and courtyard, each with adjoining community lounges. There’s also a guest suite, study area, fitness center, dog grooming room and a sports court. Completed in 2017 at 4041 Roosevelt Way NE, the community is within walking distance of the University of Washington campus, and was designed by Runberg Architecture Group.

JLL’s sales team included David Young and Corey Marx and the debt placement team included Charles Halladay and Scott Gilson.

Marx noted the property’s location “provides appeal to both students and staff at the University, as well as residents seeking proximity to the area’s numerous employers.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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