Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Blackstone Expands Puget Sound MF Portfolio, Cuts $175M Deal with TruAmerica
New York-based The Blackstone Group acquired four multifamily properties in South King County from Los Angeles-based TruAmerica Multifamily for $174.8 million. The assets were built between 1979 and 1989, total 747 units and are located in Renton, Federal Way, and Kent.
Blackstone acquired the following suburban assets:
– The Windsor, a 27-building, 202-unit property at 4415 NE Fifth St. in Renton was acquired for $56.3 million.
– The Commons at Federal Way, a 65-building, 260-unit property at 190 S. 334th St. was purchased for $56 million. (pictured)
– Ridgegate, a 15-building, 153-unit property at 24808 100th Pl. SE in Kent was bought for $35 million.
– Constellation, a 12-building, 132-unit property at 1455 S. Puget Dr. in Renton was claimed for $27.5 million.
TruAmerica had acquired the four properties for nearly $109.4 million in 2015.
Two other TruAmerica Pacific Northwest assets valued at $52.1 million were reportedly also acquired by Blackstone, one a 188-unit property in Lynnwood, as well as another 104-unit property in Vancouver, WA.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


