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| Peter Kuzma |
CHICAGO, IL – Waterton
Associates LLC, a U.S. real estate investor and operator, announced it has
acquired Taluswood Apartments in
Mountlake Terrace, Washington.
Located in a wooded
neighborhood approximately 15 miles north of downtown Seattle, the garden-style
rental community consists of 512 apartments across 24 buildings, with a mix of
one-, two- and three-bedroom floor plans.
Taluswood is one of two
communities in the Seattle area owned and managed by Waterton. In December
2014, the Chicago-based investor re-entered the market with the acquisition of
Martha Lake Apartments, a 155-unit community in north suburban Lynnwood – about
seven miles northeast of Taluswood.
“Seattle’s job growth,
fueled by the city’s burgeoning tech sector, is generating unprecedented demand
for rental housing, with thousands of units under construction in King and
Snohomish counties,” said Peter Kuzma,
vice president of acquisitions at Waterton Associates.
“Yet despite the supply
that’s been added, the vacancy rate has continued to fall, allowing many
landlords to push rents and obtain attractive yields.”
For a complete copy of the company’s news release,
please contact:
Abe Tekippe, atekippe@taylorjohnson.com, (312)
267-4528
Kim Manning, kmanning@taylorjohnson.com, (312)
267-4527
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