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Private entity buys 97-unit apartment complex Near SEATAC Airport

Joint venture sells 5% vacant Burien, Washington, property
The Montrose apartments were sold by a joint venture for $18 million. (CoStar)
The Montrose apartments were sold by a joint venture for $18 million. (CoStar)
By Andrew Jamison
CoStar Research
October 1, 2025 | 1:12 P.M.

Rio Capital Investments, a West Coast-based real estate investment manager, acquired a 97-unit apartment complex in Burien, Washington, from L5 Odyssey — a joint venture between Odyssey Properties Group and L5 Real Estate Investments.

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