FEDERAL WAY, WA-A real estate investment partnership connected with Swiss bank UBS has purchased an apartment complex in Federal Way. The partnership has bought the 339-unit complex this week for an amount of $52 million.
Lodge at Peasley Canyon, a 27-building development in Federal Way, was constructed in 2003. It was the third apartment complex to change hands for more than $50 million this year in King County. For the full story, go to Seattle Times .
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