Grosvenor to Achieve a 5 Cap Rate on Bellevue Apartment Acquisition

By Jon Peterson Grosvenor Americas is looking to earn just over a 5 percent cap rate on its $40.2 million acquisition of the Somerset Green townhouse apartment project in Bellevue. “This return would be based on the property’s current net operating income,” says Mark Purdy, a vice president and investment general manager for Grosvenor. He […]