Canadian Gracorp Turns Seattle MF over to Texan for $35M

Gracorp Capital Advisors sold the 120-unit Anthem on 12th to Austin, TX-based CWS Capital Partners LLC. The Calgary, Canada-based seller walked away from the deal with $34.7 million.

The apartment complex, located at 103 12th Ave. in Seattle, delivered in 2015, and was the first private development built in the Yesler Terrace neighborhood targeting lower-middle-income and lower-income residents. Spectrum Development Solutions of Seattle was the developer.

The apartment building has 4,000 square-feet of ground-floor retail. Amenities include a rooftop deck, dog run, fitness center, controlled-access parking and a community room. The property was awarded Leadership in Energy and Environmental Design, Homes Mid-Rise Gold certification, from the U.S. Green Building Council.

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