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Investor Acquires Bellevue MF Property for $69M
California-based Pacific Urban Investors has acquired Edgewood Park, a garden-style apartment complex in Bellevue, Washington, for $68.5 million.
The seller is San Mateo, California-based Acacia Capital Corp, reported the Puget Sound Business Journal. The 195-unit property is located at 1501 145th Place SE and comprises 22 two-story buildings across approximately nine acres.
The complex features studio, one-bedroom, two-bedroom and townhome apartments. The property also features a fitness center, a clubhouse, two swimming pools as well as a community vegetable garden.
Pacific Urban Investors is a multifamily owner, investor, and operator across 15 states and 20 major markets, with a portfolio of more than 23,000 apartment homes.
