December 19, 2019 - Trinity Real Estate (TRE), on behalf of a Seattle-based Family Office, is pleased to announce the recent acquisition of the newly remodeled Westwood Vista apartments. Westwood Vista was acquired along with the 12-unit East Highland apartments in Capital Hill as part of a successful 1031 transaction.
The Westwood Vista apartments were originally constructed in 1968 and in 2018 completed a significant renovation. This renovation included all new kitchens, bathrooms as well as adding washers and dryers in all the units as well as new laminated hardwood flooring. The kitchens feature new quartz countertops and stainless-steel appliances. New amenities include a new fitness and business center as well as a newly designed outside community gathering space with seating, firepits, and a large BBQ.
The Westwood Vista Apartments are located in West Seattle just south of the Fauntleroy neighborhood. The location is adjacent toa busy transportation corridor that is serviced by the Rapid Ride bus transit to downtown Seattle. The property also benefits from its proximity to the Westwood Village Shopping Center, which is located across the street and includes stores such as Target, QFC, Rite Aid, Starbucks, as well as a number of restaurants and other retailers.
“The Westwood Vista acquisition is demonstrative of our strategy to diversify our client’s portfolio with the addition of a strategically located and modern multi-family asset in a rapidly improving neighborhood” commented Trinity Managing Partner, Pete Stone.
TRINITY REAL ESTATE
Trinity Real Estate provides comprehensive, personalized real estate services and investment strategy to West Coast family offices and institutional investors. TRE’s hands-on, high touch, and full-service approach has led to the management, development, and repositioning of more than $3 billion in assets since its founding in 2001. These assets span all sectors of the real estate market including office, industrial, multifamily, hospitality and mixed-use. TRE’s objective is to create, enhance, and preserve real estate assets that produce strong long-term returns for its clients.
TRINITY REAL ESTATE
Pete Stone | Managing Partner