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Native Tribe in Florida Buys Suburban Seattle Apartments in Area’s Latest Top-Dollar Sale

Seminole Real Estate Fund's Issaquah Purchase Pushes Lands Near Per-Unit Record
The Seminole Real Estate Fund bought the Alexan Heartwood apartments from developer Trammell Crow Residential. (CoStar)
The Seminole Real Estate Fund bought the Alexan Heartwood apartments from developer Trammell Crow Residential. (CoStar)
CoStar News
July 13, 2022 | 8:15 P.M.

The purchase by a Native American tribe in Florida of an apartment complex in Seattle’s eastern suburbs was among the priciest for the area and was the region’s third sale in less than two weeks to land in top-dollar territory as some investors say higher interest rates may increase demand for rentals.

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