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Vulcan Divests Seattle MF to Security, STARS REI JV for Nearly $100M
Vulcan Real Estate sold Augusta Apartments, a 209-unit apartment community in Seattle, to a joint venture between Security Properties and STARS REI for $98.1 million. The seven-story, LEED Platinum-certified property also includes 3,470 square feet of ground-floor retail space.
Amenities include a variety of shared indoor and outdoor spaces including a roof deck and courtyard, each with adjoining community lounges. There’s also a guest suite, study area, fitness center, dog grooming room and a sports court. Completed in 2017 at 4041 Roosevelt Way NE, the community is within walking distance of the University of Washington campus, and was designed by Runberg Architecture Group.
JLL’s sales team included David Young and Corey Marx and the debt placement team included Charles Halladay and Scott Gilson.
Marx noted the property’s location “provides appeal to both students and staff at the University, as well as residents seeking proximity to the area’s numerous employers.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


