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Multifamily investor buys Seattle apartments to extend streak of pricey deals

FPA Multifamily plans upgrade to 337-unit complex in Magnolia district after $105.7 million purchase
Overlook at Magnolia, an 11-building complex at the intersection of the Queen Anne, Magnolia, Interbay and Fort Lawton neighborhoods, was built in 1968. (CoStar)
Overlook at Magnolia, an 11-building complex at the intersection of the Queen Anne, Magnolia, Interbay and Fort Lawton neighborhoods, was built in 1968. (CoStar)
CoStar News
July 14, 2025 | 5:37 P.M.

FPA Multifamily has acquired an apartment complex near Seattle's Magnolia and Queen Anne neighborhoods as the residential investor expands in the Puget Sound region.

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