Security Properties Divests of 74-unit, Sylva on Main, a multifamily asset in Bellevue, WA for $30M ($405,405/unit) to Rise Properties Trust

9/27/2024

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REBusinessOnline

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Berkadia

Seattle-based Security Properties has completed the sale of Sylva on Main, a midrise apartment community in Bellevue, to Rise Properties Trust for $30 million, or $405,405 per unit. Built in 2011, Sylva on Main offers 74 apartments and two retail suites. The property is located at 10701 Main St.