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California REIT sells apartments in Seattle’s South Lake Union

Iowa-based investor pays among Seattle’s highest per-unit prices this year for a mid-rise complex
The eight-story 8th & Republican, center, just sold for nearly $450,000 per unit, one of the highest prices paid for Seattle apartments this year. (CBRE/Kevin Scott)
The eight-story 8th & Republican, center, just sold for nearly $450,000 per unit, one of the highest prices paid for Seattle apartments this year. (CBRE/Kevin Scott)
CoStar News
September 25, 2025 | 11:08 P.M.

A real estate investment trust sold an apartment building in Seattle’s South Lake Union neighborhood for nearly $95 million as multifamily sales rebound across the region.

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