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EverWest Real Estate Investors Buys 130-Unit Multifamily Community in Seattle

5/19/22

EverWest Real Estate Investors has purchased Muir Apartments, a 130-unit res community located in the heart of Seattle’s Central District, for $54.5 mil ($419k/unit). Built in 2019, Muir Apartments is a modern, Class A urban mid-rise community that also includes 12.3k sf of ground-floor retail anchored by a boutique grocer.

The seven-story building offers studio, one- and two-bedroom units with an average unit size of 609 sf in size. Residents at the property enjoy a high-end amenity package, including a rooftop deck with views of the Seattle skyline and Mount Rainier.

Muir Apartments is located at 1601 S. Lane St, minutes from downtown Seattle and surrounded by a diverse and walkable mix of restaurants, retail and cultural attractions. The property is directly accessible to transit and proximate to both I-5 and I-90.

Dylan Simon, Winslow Lee and Jerrid Anderson of the Simon Anderson team of Kidder Mathews represented the Muir Apartments building seller and developer, Daly Partners. EverWest Managing Director of Acquisitions Tom Stover directed the Muir Apartments acquisition on behalf of EverWest.

The apartment acquisition follows quick on the heels of EverWest’s April purchase of Junction Landing and Junction Flats apartments in West Seattle. This new activity represents almost $113 mil in Seattle-area multifamily investment in just 30 days by EverWest, who is already an active office and industrial developer across the Pacific Northwest.





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