The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 15, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
MG Properties Wraps Up $61 Mil Res Buy in Washington


MG Properties closed on a multifamily buy in the state of Washington, paying $61.6 mil for Artesia Apartments, a 192-unit ($321k/unit) community in Everett. The property is located 11225 19th Ave SE, in the cityís Silver Lake neighborhood.

The community features spacious and modern one-, two-, and three-bedroom apartments situated directly on Silver Lake, providing residents with a variety of recreational activities and excellent access to the regionís largest employers. Everett is a thriving business hub that offers easy access to Seattle and the surrounding areas.

Unit amenities include microwave, stainless steel appliances, USB plug outlets, walk-in closets, storage on patios, vinyl plank flooring, dishwasher, fireplace, patio/balcony, washer/dryer and quartz countertops. Community amenities include playground, dog park, BBQ/picnic area, clubhouse, fitness center, indoor pool, sauna and hot tub.

The seller, RISE Properties Trust, was represented by Philip Assouad, Giovanni Napoli, Ryan Harmon, Nicholas Ruggiero and Anthony Palladino from Institutional Property Advisors. Financing was provided by Freddie Mac and arranged by Brian Eisendrath, Cameron Chalfant, Jake Vitta, and Tyler Johnson of Institutional Property Advisors.

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media