LaSalle Investment Management Sells 280-Unit Stonemeadow Farms Apartments in Bothell, Washington for $93.1M ($332,500/unit) to Acacia Capital

10/24/2024

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REBusinessOnline

• Subcategory: Capital Markets: Fund, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: Capital Markets: Fund-Value Added, MF: Garden

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

• Company: LaSalle Investment Management, Jones Lang LaSalle (NYSE: JLL)

LaSalle Investment Management has completed the disposition of Stonemeadow Farms, an apartment community in Bothell, a suburb of Seattle. An undisclosed buyer acquired the asset for $93.1 million. Situated on 29 acres at 23028 27th Ave. SE, Stonemeadow Farms offers 280 apartments spread across 20 residential buildings.