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Transactions - JULY 28, 2022

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GID purchases newly built apartment community in Seattle

by Andrea Zander

GID has purchased Uplund Apartments located in Kirkland, Wash., a suburb of Seattle. The financial terms and seller were not disclosed.

Built in 2021, the 409-unit community is managed by GID's wholly owned property management company, Windsor Communities, and has been rebranded Uplund at Totem Lake by Windsor.

The luxury development offers open-concept studio, one-, two- and three-bedroom apartments that include stainless-steel appliances, quartz countertops, in-unit washers and dryers, and nine-foot ceilings.

The property also features coveted amenities, including two landscaped terrace courtyards, outdoor gas firepits, barbecue grilling stations, outdoor televisions, and an outdoor nature walking trail, as well as resident lounges with entertaining kitchens and fireplaces, a fitness center, a dog wash station, and bike storage.

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