The seller was AG/Virtu Vintage Park LLC, an entity of New YorkCity-based Angelo, Gordon & Co., an investment adviser. Theproperty was recapitalized early last year in a deal that valued itat $24.1 million, according to industry sources. It was notimmediately clear how much the seller invested in the propertyduring its ownership, but it is believed to have addressed somedeferred maintenance.

Located 12 miles south of Seattle at 1101 SW 139th St., VintagePark will be renamed the Heights at Burien. Constructed in themid-1940s, the garden-style apartment property features 44buildings on a 25-acre site.

The unit renovation program will include upgrades to kitchensand bathrooms, new lighting and hardware and the addition ofwashers and dryers. The common area improvements will include newsiding and roofs, upgraded playground and picnic areas and improvedlighting, paving and concrete work. New amenities will include anew club room, business center and fitness center.