Kite Partners Acquires 87-Unit The Q Apartments in Seattle’s Queen Anne for $24.1MM

A two-year-old Seattle value-add firm just made its largest bet yet — paying $277,000 per unit for a 1950-built Queen Anne tower at a moment when urban multifamily transaction volume is down 36 percent, positioning itself in the gap between neglected vintage assets and institutional capital that still won't touch them. Seattle-based Kite Partners has […]