Home Industry News Equity Residential Acquires Chloe Apartments in Seattle’s Capitol Hill Neighborhood for $53.7MM

Equity Residential Acquires Chloe Apartments in Seattle’s Capitol Hill Neighborhood for $53.7MM

Seattle, Colliers International, Colliers’ Seattle Multifamily Team, Capitol Hill, King County records, downtown Seattle Equity Residential
Image courtesy of Chloe Apartments

(EDITOR’S NOTE: The sales price for the property was $53.7 million, or approximately $458,974 per unit, according to King County records. Equity Residential, the buyer of the asset, purchased the property at an acquisition cap rate of 4.6 percent, according to the company’s first quarter 2018 report).

Apartment Sales Brokers Dylan Simon and Jerrid Anderson of Colliers’ Seattle Multifamily Team closed the sale of Chloe Apartments in Seattle’s vibrant Capitol Hill neighborhood on Wednesday, March 7, 2018.

Chloe Apartments is a 117-unit, mixed-use apartment building located on one of the most activated corners in Capitol Hill, which continues to thrive as Seattle’s most hip, exciting neighborhood. Foodies and brunch enthusiasts alike are right at home in Chloe’s prominent anchor retail spaces, occupied by Skillet Diner and Marjorie Restaurant.

Dylan Simon, Executive Vice President, and Jerrid Anderson, Vice President, of Colliers International’s Seattle office represented the buyer, Equity Residential, and were the only brokers involved in the transaction.

About Colliers International

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide.

Colliers’ Seattle Multifamily Team is based in downtown Seattle and comprises seven highly-qualified real estate professionals specializing in brokerage of apartment buildings and development site in the Seattle and Puget Sound region. The team focuses on representing buyers and sellers of apartment buildings and development sites ranging from 5 units to over 500 units.