Renton property sold in one of the biggest multifamily deals of 2023
(JENNIFER CLARK/PORCHLIGHT IMAGING)
The 400-unit Carriages at Fairwood Downs in Renton had been acquired by the seller in 2016 for $98 million.
An apartment complex in Renton traded last week for $107 million, making it King County’s second-priciest multifamily deal of 2023.
New York-based Abacus Capital Group acquired the 400-unit Carriages at Fairwood Downs, located at 15030 SE 179th St.
The circa-1988 apartment community has 37 buildings comprising 441,000 square feet. The price works out to $267,500 per unit and $243 per square foot.
The seller is an entity related to Sequoia Equities of Walnut Creek, California.
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