Bridge Partners Affiliate Buys 195-Unit Cascadia at Fairwood Landing in Renton for $47.5MM

A Bridge Partners affiliate paid $47.5 million for the renovated Renton apartment complex, roughly $13.5 million less than Sack Properties paid for the same 195 units in 2022, a gap that traces back to rising cap rates rather than any weakness in the property itself. A Renton apartment community that traded for $61 million at […]