Security Properties purchases apartments in Washington state
Transactions - NOVEMBER 3, 2021

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Security Properties purchases apartments in Washington state

by Released

Security Properties, a real estate operating company headquartered in Seattle, has purchased Tria Apartments, a class A podium-style multifamily property located in Newcastle, Wash., for $26.75 million. The seller was not disclosed.

Tria was developed in 2017 and consists of 76 apartment homes and one retail space spread across a single six-story building on 0.94 acres. The unit mix features an attractive range of floorplans with an average unit size of 742 square feet. Unit interiors consist of stainless-steel appliances, quartz countertops, hardwood flooring, kitchen islands, pantries, washer/dryers, oversized closets and a private balcony/patio. From an amenity perspective, the property offers a rooftop deck/lounge, resident clubroom, fitness center, 24-hour package lockers, bicycle storage, secure garage parking and vehicle charging stations.

With a population of roughly 13,000, Newcastle offers its residents both the conveniences of urban living with the lifestyle

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