Over the past year, while institutional money may has pressed the pause button, smaller private property owners and high-net-worth individuals are continuing to move the market forward. In the multifamily market, the majority of transactions have been at or below the $10 million mark, and the recent sale of a Renton apartment complex continues this trend. According to public records, the Avaya at Town Center Apartments sold for $13 million, or about $250,000 per unit, on June 8th.
For the full story, go to The Registry Pacific Northwest.
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