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Seattle & Northwest  + Seattle  + Apartments  |  December 2, 2024
Jasmine Kilman
By: Jasmine Kilman

Essex Property Trust Acquires Woodinville MF for Nearly $136M

California-based Essex Property Trust Inc. has acquired The Beaumont Apartments, a 344-unit multifamily property in Woodinville for $136.1 million.

Essex bought the property from MG Properties, which acquired the asset for $99 million seven years ago, reported the Puget Sound Business Journal. The property features a mix of studio, one-, and two-bedroom apartment homes as well as easy highway access.

The Beaumont’s assessed value is around $107.4 million. The complex is situated in close proximity to shopping, dining, and entertainment options. Essex’s website shows the company owns 59 multifamily properties in the Puget Sound region.

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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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