Berkadia has completed the sale of Vue Kirkland, a 200-unit garden-style multifamily property in Kirkland, Washington.
Managing Directors David Sorensen and Benjamin Johnson, Director George Pallis, Associate Director Peter Dudunakis, along with Senior Managing Director Kenny Dudunakis of Berkadia Seattle, led the transaction on behalf of the seller, California-based Acacia Capital.
The buyer was BRIDGE Housing, and the purchase of Vue Kirkland Apartments marks the largest market-rate conversion by BRIDGE as it accelerates property acquisitions to both create and preserve low-income housing throughout the West Coast. Situated at 11733 NE 131st Place, Vue Kirkland provides access to major employers in the Eastside.
“This property is poised to leverage the distinctive qualities and economic expansion of the Eastside, along with its value-add potential,” said Sorensen. “Vue Kirkland stands out as a remarkable garden-style community, uniquely situated within walking distance of the newly developed Totem Lake.”
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