HR Lending acquired the Borgata Apartments in Bellevue, WA, for $30.9 million, or about $412,000 per unit, with a cap rate of 4.2%. The seller was a venture of Hanson Investment Corp. and NE 1st Associates LLC.
HR Lending acquired the Borgata Apartments in Bellevue, WA, for $30.9 million, or about $412,000 per unit, with a cap rate of 4.2%. The seller was a venture of Hanson Investment Corp. and NE 1st Associates LLC.
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