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Seattle & Northwest  + Apartments  | 

Essex Snags Pair of Seattle MF’s from Greystar for $133M

San Mateo, CA-based Essex Property Trust acquired two apartment assets in Seattle’s Fremont neighborhood from South Carolina-based Greystar. The deals’ combined value totaled $133 million.

Essex Velo Ray LP bought Velo Fremont Apartments at 3625 Woodland Park Ave. N. from GS Velo LLC for $71.5 million, and Ray Apartments at 3636 Stone Way N. and 3651 Interlake Ave. N. from GS Ray LLC for $61.5 million.

Velo Fremont Apartments is a 171-unit building that opened in 2014, and Ray Apartments is a four-story, 137-unit complex that opened in 2015. The communities offer studio, one, and two-bedroom floor plans with features such as hardwood-style vinyl flooring, porcelain kitchen backsplashes, and sleek, streamlined cabinetry. The properties also have loft-style residences and live/work options.

Amenities include a rooftop club room, fitness center, outdoor kitchen with BBQ station, a bike maintenance area, bike storage, and indoor cycling studio.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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