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12/22/25
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Here’s news of a notable multifamily trade in Seattle. The property is Lock Vista Apartments, a 192-unit apartment community in the city’s Ballard neighborhood. From what we hear, the buyer was a venture between GT Capital and Freestone Capital Management, and the price was $43.7 mil, which works out to $227.6k/unit.
Lock Vista Apartments consists of five buildings, offering a diverse mix of studio, one-bedroom, two-bedroom and three-bedroom homes. The property has undergone over $15 mil in renovations.
Common areas feature upgraded corridors, a resident clubhouse with kitchen, a well-equipped gym, an outdoor pool, a bike room, laundry facilities, a community garden, controlled access entry and WiFi in common spaces. The site provides 145 surface parking spaces and lush green spaces throughout the grounds.
Located in the heart of Ballard, Lock Vista Apartments offers residents immediate access to a dynamic mix of dining, shopping and entertainment options. The neighborhood’s walkability, proximity to major employers and access to parks and cultural attractions make it one of Seattle’s most desirable residential locations for renters seeking both urban convenience and community atmosphere.
Cushman & Wakefield’s Dan Chhan, Tim McKay, Matt Kemper, Jacob Odegard, Dylan Roeter and Byron Rosen brokered the sale. David Karson and Chris Moyer with Cushman & Wakefield’s Equity, Debt & Structured Finance team arranged a $30 mil Freddie Mac loan. Alex Basile with Greystone’s Alex Basile repped the lender.
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