KKR Pays $78MM for 235-Unit Baldwyn Northgate Apartments in Seattle

KKR's third major Seattle acquisition in two years lands directly adjacent to the Northgate light rail station — a $332,000-per-unit bet that a 2024-vintage building in one of the city's most transit-connected corridors will look cheap once the supply wave crests. KKR has acquired the Baldwyn, a 235-unit mixed-use apartment community in Seattle's Northgate neighborhood, […]