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Chicago Firm Sells Off Seattle-Area Property for $136 Million

Buyers Paid a Premium for 512-Unit Taluswood Apartments in Mountlake Terrace
Seattle-based Security Properties and Rockwood Capital paid $136.3 million for Taluswood apartments, a 512-unit complex in the Seattle suburb of Mountlake Terrace. Photo: Rockwood Capital
Seattle-based Security Properties and Rockwood Capital paid $136.3 million for Taluswood apartments, a 512-unit complex in the Seattle suburb of Mountlake Terrace. Photo: Rockwood Capital
By Clare Kennedy
CoStar News
June 3, 2019 | 4:59 P.M.

Real estate investor Waterton Residential LLC has sold what appears to be its sole remaining holding in Washington state, a sprawling apartment property in a suburb north of Seattle, in a deal that garnered an almost 70 percent premium to its purchase price almost four years ago.

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