From The Real Deal · TRD Staff · · 50s
Eaton Vance Buys Seattle Apartments for $87M
Eaton Vance, Morgan Stanley's subsidiary, purchases 359-unit south Seattle apartment building for $87.3 million amid low vacancy and slow construction.
In brief
Eaton Vance, Morgan Stanley's subsidiary, purchases 359-unit south Seattle apartment building for $87.3 million amid low vacancy and slow construction. Eaton Vance, a Morgan Stanley subsidiary, bought a 359-unit Seattle apartment building for $87.3 million as low vacancy and slow construction attract investors…
Eaton Vance Buys Seattle Apartments
Eaton Vance, Morgan Stanley's subsidiary, purchased 359-unit Assembly118 Apartments in south Seattle for $87.3 million.
Low Vacancy Drives Apartment Sales
Seattle's multifamily sale prices rose 21.8 percent year over year as vacancy rates dropped to 6.6 percent and construction slowed.
Recent Apartment Sales in Seattle
BlackRock sold a 261-unit property for $95 million, and Rise Properties sold a 366-unit complex for $72 million in the past month.
The short version
Eaton Vance, a Morgan Stanley subsidiary, bought a 359-unit Seattle apartment building for $87.3 million as low vacancy and slow construction attract investors.
