The merger, according to a statement from the firm, will give the company an “exclusive” multifamily focus in the future. Pacific Urban Residential has made a big investment into Seattle’s First Hill neighborhood, acquiring the Panorama Apartments at 1100 University Street for 120 million, or about 670,391 per unit. Last month, the company announced its merger with affiliate Hanover Real Estate Investors. Its overall portfolio spans 13,000 apartment homes valued at $5 billion.

Here our residents enjoy sky-high amenities with spectacular 360-degree views. Pacific Urban is also no stranger to the Puget Sound, most recently acquiring a 247-unit Kent complex for $46.5 million. Part striking, luxury apartments in Seattle, part wine bar, and all urban sophistication. Since its founding in 1969, the company has invested more than $2 billion of equity in multifamily assets and has a portfolio valued of about $5.4 million. In October, the firm purchased the Midtown 64 Apartments in Kent for $141.1 million, and a 76-unit Newcastle asset for $26.7 million. Prior to its disposition of the property, Security Properties had acquired other assets in the region. Security Properties initially acquired the asset in September of 2014, paying $73.98 million for the building. “The unit sizes average much larger than what is standard for the area, and it is located near many of Seattle’s top employers and lifestyle amenities.” It has historic appeal while the extensive refresh completed in 2016 puts it on par with newly built luxury communities,” said Hanacek, a vice chairman. According to CBRE, the property was 99 percent leased prior to its sale. Jon Hallgrimson, Eli Hanacek, Mark Washington and Kyle Yamamoto with CBRE Capital Markets in Seattle represented Security Properties in the deal. Other retailers and restaurants, from Salt & Straw, Biang Biang Noodles and Unicorn are also located nearby. The community is located in a vibrant part of town, blocks from the Washington State Convention Center, Virginia Mason Medical Center, Harvard Market and Seattle University. The list of community amenities is also expansive, including multiple lounge areas, bocce and shuffleboard courts, retro game lounge, pool, fire pits, fitness center and more. Units feature private decks, contemporary cabinetry and kitchen island and in-home washer and dryers. Residences are a mix of one-, two- and three-bedrooms and range in size from 552 square feet to more than 2,400 square feet. Apartment is located in 2 km from the centre. The 18-story building was originally constructed in 1962 and includes 179 units, according to . Find the best deal for Olympus Panorama Penthouse - Three Bedroom Apartment in Seattle (Washington State), USA. The seller in the deal, according to King County public records, was Security Properties. Pacific Urban Residential has made a big investment into Seattle’s First Hill neighborhood, acquiring the Panorama Apartments at 1100 University Street for $120 million, or about $670,391 per unit.

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