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California Investor Adds Suburban Seattle Apartments to Portfolio After String of Downtown Buys

Pacific Urban Investors Spends Nearly $80 Million for Redmond Complex
Palo Alto, California-based Pacific Urban Investors acquired the Olde Redmond Place Apartments in Redmond, Washington, on Sept. 30. (CoStar)
Palo Alto, California-based Pacific Urban Investors acquired the Olde Redmond Place Apartments in Redmond, Washington, on Sept. 30. (CoStar)
CoStar News
October 4, 2022 | 5:46 P.M.

A California real estate investment firm's purchase of a suburban Seattle apartment complex has shifted the focus of its regional portfolio after a steady diet of downtown multifamily acquisitions.

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