Waterton Purchases 186-Unit Multifamily Property In Renton From New York Life Real Estate Investors

The multifamily property located at 1300 North 20th Street in Renton, WA, consisting of 186 units, was sold for $53.13 million. The buyer, Waterton, acquired the apartment complex from an affiliate of New York Life Real Estate Investors. With a price per unit of $285,645, this transaction marks Waterton's investment in the property known as 2000 Lake Washington.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,130,000
• Units: 186
• Price Per Unit: $285,645
• Address: 1300 North 20th Street
• Market: Renton, WA

Waterton, a Chicago-based investment manager, successfully closed the deal as the buyer for the 186-unit apartment property in Renton. On the other end of the transaction, the seller was an affiliate of New York Life Real Estate Investors. This acquisition further solidifies Waterton's presence in the real estate market, showcasing their strategic investment decisions in the multifamily sector.