2101 SW Sunset Blvd Renton, WA 98055

Overview:

• Acquired 240 unit apartment community with large square footage, many offering views
• Located in Renton, Washington, approximately 15 minutes from Seattle and major employment centers
• Attractive alternative for residents seeking larger floor plans at more competitive rents than Seattle
• Executed extensive interior and exterior renovations
• Transformed amenity spaces into a premier indoor and outdoor amenity package in South King County

Financials:

• Purchase Price (2016): $33 million
• Refinance returned 28% of original investor equity