# 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.
- Title: Eaton Vance Buys Seattle Apartments for $87M · The Real Deal
- Summary: Eaton Vance, Morgan Stanley's subsidiary, purchases 359-unit south Seattle apartment building for $87.3 million amid low vacancy and slow construction. Eaton…
- Keywords: eaton vance, morgan stanley, seattle, apartments, south seattle, vacancy rates, construction, real estate, The Real Deal
- Source: The Real Deal — https://therealdeal.com/national/seattle/2026/11/04/eaton-vance-buys-seattle-apartments-for-87-million
- Author: TRD Staff
- Published: 2026-11-04T16:00:00+00:00
- Read time: 1 min
- Topics: eaton vance, morgan stanley, seattle, apartments, south seattle, vacancy rates, construction, real estate, business
## 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.
## Key takeaway

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.