Sale Price: $103,750,000
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We successfully closed the sale of Heartwood, a premier apartment community located in Issaquah, Washington, for an impressive $103,750,000. This highly sought-after property consisted of 135 units, which were skillfully acquired by the Seminole Sovereign Wealth Fund. The apartment complex, built in 2021, offered an average unit size of 1,007 square feet, providing residents with comfortable living spaces in a vibrant neighborhood.
On July 7, 2022, the sale was finalized, and the property changed hands at the remarkable price of $103,750,000, setting a new benchmark in the local real estate market. With an average price per unit of $768,500, the transaction highlighted the desirability and value of Heartwood as an investment opportunity.
We are proud of this achievement and the opportunity it brings to shape future ventures in the dynamic landscape of the Issaquah real estate market. The successful sale of Heartwood exemplifies our dedication to delivering exceptional results for our clients and underscores our commitment to excellence in the industry.
- Kidder Sells Issaquah Apartment Community for $104M
- 135 Issaquah units sell for over $103M to Seminole sovereign wealth fund
- Trammell Crow Residential Sells 135-Unit Apartment Building in Issaquah for $103.75MM
- Investors plunk down $346M for two new Eastside multifamily projects
“Dylan, Matt, and the Kidder Team’s marketing of our property was fantastic. The Kidder team navigated a turbulent market environment and we are very pleased with the execution on the disposition.”
– Mark H.