Essex Property Trust pays $136.1M ($396K/unit) for Seattle-area community, Beaumont Apartments, from MG Properties

12/5/2024

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MHN

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Jones Lang LaSalle (NYSE: JLL)

JLL Capital Markets has facilitated the $136.1 million sale of the Beaumont Apartments, a 344-unit community in Seattle’s Eastside submarket of Woodinville, Wash. The community is a three-building mid-rise property built in 2009. MG Properties sold the community to Essex Property Trust, Yardi Matrix data shows. At the time of the sale it was 96 percent occupied.