Two apartment projects carry big price tags

By Joe Nabbefeld - American City Business Journals Inc.

Two big apartment building purchases recently closed at prices of least $27 million. SSR Realty Advisors paid $27 million for the freshly built, 252-unit Lexington Heights apartments in Renton. That price equals a substantial $107,000 per unit. The seller was a partnership of developer John McKenna's Landmark Development and equity source HAL Real Estate Investments Inc.


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