Vista Investment Group, in partnership with San Francisco–based Sky Alps Capital, has acquired a portfolio of three prewar multifamily properties totaling 215 apartment homes in downtown Seattle for $35.2 million.
The acquisition includes:
• Stockbridge Apartments; 1330 Boren Ave.; 76 studio and one-bedroom apartment homes
• Carolina Court; 527 Eastlake Avenue E; 72 studio and one-bedroom apartment homes
• Charbern Apartments; 1705 Belmont Ave.; 67 studio, one-bedroom and two-bedroom apartment homes
All three properties, built in the early 20th century, are located within a mile of each other in Seattle’s popular neighborhoods of Capitol Hill, South Lake Union and First Hill. The seller, a local investor and property manager, completed substantial capital improvements to major building systems, structural components and common areas across the portfolio over the 30 years of their ownership.
According to Jonathan Barach, president a
