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Seattle & Northwest  + Seattle  + Apartments  |  April 17, 2025
Jasmine Kilman
By: Jasmine Kilman

Issaquah Apartment Complex Bought in Massive Deal

Timbers at Issaquah Ridge, an apartment complex in Issaquah, Washington, has sold for $135.5 million.

New York-based Sterling Investors bought the property at 23425 SE Black Nugget Road, in one of the largest transactions in King County so far this year, reported the Puget Sound Business Journal. The seller is Denver-based Simpson Housing.

Timbers offers one-, two-, three-, and four-bedroom apartments and townhomes. Community amenities include an upgraded resident lounge, playground, and lounge. The 337-unit property features walk-in closets, washers and dryers, and private patios or balconies.

Simpson Housing acquired the 34-building walk-up complex in two phases shortly after its construction in 2000 and 2001, paying a total of $22.5 million for the 16.5-acre property.The property was developed by Bellevue-based Wakefield Homes. Simpson Housing owns five other apartment complexes in the Puget Sound region.

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Inside The Story

Sterling InvestorsSimpson Property 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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