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Seattle Lands 2 Of Nation's Top 50 Apartment Property Sales

Seattle Tower12
Rooftop views from Tower12

Two Seattle apartment buildings were among the top 50 most expensive multifamily transactions in the country in 2017, according to a report by CommercialCafé.

Coming in at No. 15, Tower12 in Seattle was purchased by Weidner Investment Services for $225M from Continental Properties. It was the country’s third-largest single-asset transaction. 

The Seattle area's 282-unit Radius apartment building was purchased by Kennedy Wilson + LeFrak for $141M. The seller was Greystar.

Meanwhile, Greystar acquired Shorewood Heights in Mercer Island for $210M in October from Olympic Investors.

The nation’s largest single-building multifamily deal of the year was in California. Blackstone’s LivCor paid $231M to buy the 615-unit Summer House in Alameda, California, from Kennedy Wilson.