Monday, May 23, 2022

EverWest Continues Seattle Multifamily Push with $54.5 Million Muir Apartments Acquisition

Muir Apartments,1601 South Lane Street, Seattle, WA

 SEATTLE, WA – Denver-based 
Tom Stover
EverWest Real Estate Investors
 (“EverWest”) is quickly expanding its Seattle multifamily investment footprint with the $54.5 million purchase of Muir Apartments, located in the heart of Seattle’s Central District.

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 million in Seattle-area multifamily investment in just 30 days by EverWest, who is already an active office and industrial developer across the Pacific Northwest.

Dylan Simon
“Seattle’s population, job growth and quality of life are driving multifamily demand,” said EverWest Managing Director of Acquisitions Tom Stover, who directed the Muir Apartments acquisition on behalf of EverWest.

“The Muir Apartments asset was an opportunity for EverWest to continue to gain exposure in a high-quality, high barrier to entry urban market at an attractive basis.”

 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.

Winslow Lee
Built in 2019, Muir Apartments is a modern, Class A urban mid-rise community totaling 130 units and including 12,266 square feet 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 square feet.

Residents at the property enjoy a high-end amenity package, including a rooftop deck with views of the Seattle skyline and Mount Rainier.

Jerrid Anderson 

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.

EverWest, a leading real estate investment management firm, currently owns more than 950,000 square feet of office, industrial and multifamily space in the Pacific Northwest.

EverWest continues to seek investment opportunities in the region across all property sectors.

 

Contacts:


Stacey Hershauer

focusAZ 

P 480.600.0195

 

www.everwest.com

 

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