Security Properties, a Seattle-based real estate investment firm with more than $6 billion in assets under management, announced the acquisition of Langara, a 134-unit apartment and townhome community in Issaquah, Wash., for $55.1 million, or approximately $411,000 per unit. The acquisition was made in partnership with RGA ReCap (ReCap Real Estate Investments) on behalf of Reinsurance Group of America (RGA).
Langara marks the 12th market-rate acquisition for Security Properties Fund VII, the firm’s latest investment vehicle, which held its final close in April 2026 with $124 million in commitments. The community comprises 100 apartment homes and 34 townhomes in one of the Eastside’s strongest submarkets. Proximity to major employment hubs, highly rated schools, access to outdoor recreation and limited new supply made Langara a natural fit for the Fund’s portfolio.
As part of the business plan, Security Properties will complete full interior renovations across all
