Seattle & Northwest + Seattle + Finance | February 24, 2021

U Place Apartments Secures Financing of $55M

U Place Apartments is a 243-unit mixed-use complex located in the University District of Seattle. Built in August 2020, the complex is located on a 32,633-square-foot site and includes 19,450 square feet of retail space on the ground floor.

Dwight Capital recently closed $55 million in bridge financing for U Place. Managing principal Josh Sasouness originated this transaction.

The property is adjacent to University Village, Seattle’s only outdoor lifestyle shopping center, which features more than 120 shops and restaurants. U Place’s communal amenities feature a fitness center, community room and rooftop deck with 360-degree views. Its residential amenities include in-unit washers and dryers, private balconies, floor-to-ceiling windows and keyless Bluetooth room entry.

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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.