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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
- ◦Sale/Acquisition


