TruAmerica Multifamily has acquired two apartment communities, including the Archstone Redmond Lakeview property in the Seattle metro area.
CBRE’s Eli Hanacek, Kyle Yamamoto, and Mark Washington facilitated the transaction. TruAmerica also bought the Park Tower Apartments & Townhomes in the Phoenix metro. Together, these acquisitions total 423 units and expand TruAmerica’s Pacific Northwest and Southwest portfolios.
Archstone Redmond Lakeview is a lakefront community directly on Lake Sammamish, is one of only seven multifamily properties in the Seattle metro with true waterfront adjacency—and the only one to pair it with direct transit access to the future light rail station. The 166-home garden-style community is situated in immediate proximity to major tech employers, including Amazon, Google, Meta, and most notably Microsoft’s expanding global headquarters, less than one mile away.
Built in 1987, the property business plan would improve all units with condo-quality renovations. TruAmerica will rebrand the community as The Docks at Redmond Lakeview.
The post TruAmerica Multifamily Acquires Seattle Metro Apartments appeared first on Connect CRE.
​Â
