Blog Posts

• 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...

• Security Properties Buys Kent’s Midtown 64 Apartments for $141.1MM

  

  

  Security Properties has once again added to its already prolific Washington property portfolio. In a deal that closed yesterday, the firm purchased Kent’s Midtown 64 Apartments for $141.1 million, or about 386,575 per unit....

• Security Properties Recapitalizes Taluswood Apartments in Mountlake Terrace, WA with Intercontinental Real Estate Corporation

  

  

  n August 26, 2021 , a partnership between Security Properties and Intercontinental Real Estate Corporation ("Intercontinental") purchased Taluswood , a 512-unit multifamily property located in Mountlake Terrace, WA. The...

• Magnolia project on to new phase: DRB signs off on grocery, housing developmenas (as published in Queen Ann and Magnolia News)

  

  

  Developers for the proposed Magnolia grocery and condominium project can begin the next phase of the development after the neighborhood Design Review Board recommended the city issue the master use permit, last week. The...

• Oklahoma City multi-housing portfolio totaling 512 units sold

  

  

  OKLAHOMA CITY, May 18, 2021 – JLL Capital Markets announced today it closed the sale of a three-property portfolio totaling 512 units located throughout the Oklahoma City area in Oklahoma. JLL represented the seller,...

• Security Properties Named in NMHC's List of Top 50 Largest Apartment Owners

  

  

  Security Properties was again recognized by the National Multifamily Housing Council's (NMHC) 2021 NMHC Top 50, the annual ranking of the nation's largest apartment owners and managers. Security Properties rose in the...