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Seattle & Northwest  + Seattle  + Student Housing  | 
The M student housing

The M Sale at $138M is Highest PSF Multifamily in the Nation

The M, a 24-story student housing property in Seattle’s University District, recently closed at $138 million, marking the highest sales price-per-square foot in Seattle multifamily history and in fact, the country, according to Real Capital Analytics. On top of this milestone, The M ousts downtown Seattle’s Tower 12 priced at $825 per square foot. Next on the list is Ascent in South Lake Union priced at $799 per-square-foot and Belltown’s Joseph Arnold Lofts priced at $746 per-square-foot.

Colliers’ Tim McKay, Dan Chhan and Sam Wayne represented the seller in the historic deal.

“This exit value validates the many other towers that are under construction or being planned in the U-District and we expect to see high-rise sales activity accelerate over the next few years as a result,” said Chhan.

The M is the University District’s first high-rise apartment tower to be delivered in more than 30 years. This was made possible through the 2018 comprehensive rezoning which increased the height and density limits in this neighborhood as well as Seattle’s other urban centers.


Inside The Story

Dan Chhan

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition