Rovers Landing Buys 40-Unit Ponderay Apartments in Seattle’s University District for $6.3MM

A buyer operating as Rovers Landing LLC has picked up the 1963-built Ponderay Apartments, a 40-unit block of studios and one-bedrooms a short walk from the University of Washington, paying roughly half the Seattle-area per-unit average for a building whose rents track the city's own affordability limits.