Security Properties Acquires 624 Yale in Seattle, WA
Retrieved on:
Wednesday, October 26, 2022
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624 Yale was completed in 2018 and consists of 206 residential units spread across two connected buildings.
Key Points:
- 624 Yale was completed in 2018 and consists of 206 residential units spread across two connected buildings.
- According to Alex Gauper, Director at Security Properties, "the acquisition of 624 Yale represented a unique opportunity to purchase a fully stabilized trophy mid-rise asset at a basis significantly below current replacement cost.
- Security Properties Residential is the affiliated property management firm of Security Properties, created to increase the value of its real estate holdings by more closely managing its assets.
- Operating throughout the Western U.S., Security Properties Residential is committed to delivering exceptional service to its apartment communities and residents.