Waterton Acquires Rental Community in Downtown Seattle

Waterton has acquired Arrivé, a 344-unit high-rise apartment community in Seattle’s Belltown neighborhood. The acquisition includes the residential portion of the building, located on floors 11-42 above a hotel property. Waterton plans to execute a light value-add program across the residences, common areas, amenities and hallways.

“Arrivé’s location in the heart of Belltown puts residents within walking distance of Seattle’s largest employers, including Amazon, Google, and Apple, along with numerous restaurants, retail options, and nearby waterfront amenities that continue to drive renter demand,” said Ben Slack, vice president of acquisitions at Waterton.

Arrivé offers a mix of apartment homes, including studio, one- and two-bedroom floorplans, as well as five penthouse rental homes on the 41st floor featuring two-bedroom/two-bath and three-bedroom/three-bath configurations. The amenities at the property include a 42^nd-floor lounge with conversation and cafe seating, coworking spaces and a rooftop terrace with sweeping views of the surrounding vistas.

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