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Seattle Investor Deepens Foothold in Suburbs With $290 Million Portfolio Deal

Security Properties’ Latest Acquisitions Are in Pierce, Snohomish and Thurston Counties
Security Properties bought 207 East Apartments in Edgewood, a town 30 miles south of Seattle that experienced population growth of over 30% from 2010 to 2020, as part of a portfolio purchase. (CoStar)
Security Properties bought 207 East Apartments in Edgewood, a town 30 miles south of Seattle that experienced population growth of over 30% from 2010 to 2020, as part of a portfolio purchase. (CoStar)
By Clare Kennedy
CoStar News
December 20, 2021 | 7:48 P.M.

Security Properties is sinking big-city money into recently completed apartment properties in the Puget Sound region's suburban fringes, another sign that the company sees growth potential outside the urban core.

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