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Seattle & Northwest  + Washington  + Apartments  |  July 24, 2025
Jasmine Kilman
By: Jasmine Kilman

CBRE Arranges Recapitalization of Burien Apartments

CBRE facilitated the recapitalization of The Maverick, a 229-unit multifamily community in Burien, and brought in a new joint venture equity partner, Stockbridge Capital Group, LLC.

CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the owner, Pillar Properties.

“The recapitalization of Maverick Apartments represented a rare equity partnership opportunity on an irreplaceable asset in the heart of Burien’s Town Square,” said Washington. “This investment offers immediate stability with compelling upside, making it a standout in today’s competitive market.”

Located at 15045 5th Ave SW in Burien, The Maverick was built in 2017 with studio, one- and two-bedroom units. Amenities include a movie theater, a two-story 24-hour fitness center, yoga center and resident club lounge.

The Maverick is within walking distance of Burien Town Square, which includes shopping and restaurants. The property is also a 10-minute drive to the Seattle International Airport, a 15-minute drive to downtown Seattle and minutes away from large employers.

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CBREStockbridge Capital Group

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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