The Sale Marks One of the Single Largest Multifamily Transaction in the Seattle Area in 2025

(Editor’s Note: According to King County public records, The Hemlock traded for $124 million, or about $417,508 per unit, The Hayes on Stone Way was sold for $58 million, or approximately $467,741 per unit, and Carter on the Park was acquired for $70.5 million, or about $391,666 per unit.) SEATTLE, Sept. 17, 2025 — Security Properties, the leading real estate investment firm in the Pacific Northwest, has completed one of the largest multifamily acquisitions in the Seattle area so far this year, purchasing a five-property, 903-unit Seattle portfolio from Washington Holdings for $400.8 million (approximately $443,803 per unit).

The sale includes Liza Eastlake, The Hemlock, The Hayes on Stone Way, C

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