Blog Posts

• Security Properties’ Latest Acquisition Hits Home

  

  

  Security Properties has acquired a 99-unit multifamily housing development that holds special meaning for one of its executives. Bryon Gongaware, managing director of affordable housing at the company, lived at the Mt. Vernon...

• Former Resident Acquires Mt. Vernon Apartments in Spokane, WA

  

  

  Security Properties is pleased to announce the acquisition of Mt. Vernon Terrace Apartments on June 21, 2022.  Built in 1973, Mt. Vernon consists of 99 units, of which 74 benefit from a property-based housing assistance...

• Security Properties Finances Seattle High-Rise Development

  

  

  Cushman & Wakefield helped the company obtain $193 million in debt and joint venture equity for The Confidential. Construction is moving forward on The Confidential, a 29-story, 212-unit, 374,000-square-foot mixed-use...

• Security Properties Acquires Tualatin, OR River Ridge Apartments

  

  

  SEATTLE - On June 9, 2022, Security Properties purchased River Ridge , a Class A multifamily property located in Tualatin, OR for $70,000,000. Security Properties now owns 11 assets totaling over 2,800 units in the Greater...

• Security Properties welcomes The Matador to Peloton Apartments

  

  

  The Matador Is Opening Its Third Restaurant in the Boise-Eliot Neighborhood The restaurant will have a robust tequila and mezcal collection with top-shelf bottles previously unavailable elsewhere in the state. The Matador,...

• Security Properties starts construction on 'post-Covid' high-rise in Belltown

  

  

  Nearly four and a half years after acquiring a corner property in Seattle's Belltown neighborhood, Security Properties has started construction of a 29-story mixed-use apartment tower called the Confidential. When...

• Security Properties unloads Bellevue apartments for $175M despite rising rents. Here's why.

  

  

  Security Properties this week sold the Arras Apartments in Bellevue's Spring District for $175 million. A limited liability company affiliated with San Jose, California-based Lakevision Capital was the buyer. Disposition...

• Seattle Investor Deepens Foothold in Suburbs With $290 Million Portfolio Deal

  

  

  Security Properties is sinking big-city money into recently completed apartment properties in the Puget Sound region's suburban fringes, another sign that the company sees growth potential outside the urban core. The...

• Security Properties Acquires 480-Unit Portfolio in Seattle MSA for $198.75M

  

  

  SEATTLE, WA – On December 15, 2021, Security Properties closed on a two-property portfolio acquisition in the Seattle MSA, the company announced today. The acquisition consists of 207 East Apartments, a 288-unit Class-A...

• Security Properties Acquires Tria Apartments in Newcastle, WA

  

  

  SEATTLE - On October 28, 2021, Security Properties purchased  Tria Apartments , a Class-A podium-style multifamily property located in Newcastle, WA for $26,750,000. Security Properties now owns 117 assets totaling approximately...