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Seattle & Northwest  + Seattle  + Apartments  |  August 1, 2024
Jasmine Kilman
By: Jasmine Kilman

Virtú Investments Acquires Skyglass Tower in Downtown Seattle

Virtú Investments, a multifamily real estate investment firm, has acquired Skyglass Tower, a new Class A, 338-unit, 31-story multifamily tower located in downtown Seattle.

Cushman & Wakefield’s Marc Renard, Sam Wayne, and Dave Karson represented the seller, Gemdale USA, in the transaction. The firm’s Dave Karson, Chris Moyer, Paul Roeter and Jason Blankfein served as the exclusive advisor to the joint venture in the procurement of acquisition financing. The loan was provided by Corebridge.

Completed in 2024, the LEED Gold, glass-paneled high-rise in the South Lake Union neighborhood is comprised of luxury studio and 1-3 bedroom units, three floors of underground parking, as well as retail space at ground level.

Virtú acquired Skyglass Tower as a joint venture with the Real Estate Business at Goldman Sachs Alternatives and the Virtú Evergreen Fund, an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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