SEATTLE-Key Bank recently sold two small apartment properties here after a 30-year hold. The Cleveland-based financial institution sold the 34-unit Puget Vista Apartments in the Queen Anne neighborhood and the 50-unit Hillcrest Apartments in the Magnolia neighborhood to the locally based Stratford Co., according to Grubb & Ellis, the brokerage firm with the disposition assignment.

The aggregate purchase price was $15.6 million or $185,700 per unit, according to Grubb & Ellis, the only brokerage firm in the deal. G&E senior vice presidents Geza Berger, Dennis Evans and Jim Nichols had the disposition assignment. Stratford, a real estate investment company, used an in-house broker.

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