| In the latest twist in the red-hot multifamily market, a venture of a New York real-estate private-equity firm and a Los Angeles developer has made a big push into the Seattle market by taking over a well-known local builder of apartment properties.
The venture of AREA Property Partners and Urban Partners LLC has purchased Harbor Properties of Seattle in a deal valued at $75 million, excluding debt. Included in the package were stakes in four existing apartment properties and three under construction, with more than 800 units..............................................Full Article: Source
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