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Fairfield acquires apartments in Redmond, Wash.
Transactions - JANUARY 27, 2025

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Fairfield acquires apartments in Redmond, Wash.

by Released

Fairfield announced the acquisition of Riverpark Apartments, a community of 321 studio, one-, two- and three-bedroom apartments and lofts in Redmond, Wash., that includes 32 affordable apartments.

“Fairfield is thrilled about the opportunity to acquire a high-quality asset in Redmond,” said  Jason de Guzman, vice president of acquisitions at Fairfield. “It’s a submarket that we know extremely well, having developed and sold an asset right across the street. Riverpark is located just minutes from Microsoft’s global headquarters and offers excellent connectivity to transit, as evidenced by its Walk Score of 90.”

Located blocks from Redmond’s main business district, Riverpark’s apartments are available in a variety of layouts averaging more than 1,000 square feet, including options with a loft and/or a den.

“Riverpark fits right into Fairfield’s acquisition parameters with its large, attractive floor plans, significant rent upside, and discount

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