Saddlebrook Apartments is located at 2100 South 260th St., justwest of Pacific Highway South, which parallels Interstate 5.Completed in 1997, the development consists of 22 three-storybuildings housing one-, two- and three-bedroom units averaging 850sf. Amenities nearby include Saltwater State Park and RedondoBeach, and the Des Moines Marina.Kenny Dudunakis of Hendricks &Partners brokered the transaction. Dudunakis tells GlobeSt.com theproperty was 95% occupied at time of sale, which was several daysago.

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Simpson Housing is one of the largest privately-held,multifamily-focused property management and development. Thecompany and its subsidiaries own 100 apartment developmentsnationwide and still own eight in Washington State.

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FSC Realty owns and operates apartments and shopping centers.Saddlebrook Apartments is the company's second Washington Stateacquisition this year. The company in January acquired PheasantRun, a 308-unit complex near Des Moines in Federal Way, WA. Alsothat month, it sold Glen Park Apartments in Federal Way toFairfield Residential.

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