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SEATTLE-A trio of apartment complexes have sold in Bellevue, Bothell and Federal Way.

Sterling Heights, a 116-unit apartment community located at 3820 130th Lane SE in Bellevue has traded for $13.6 million. Autumn Chase, a 120-unit complex located at 20415 Bothell-Everett Highway in Bothell, was picked up for $9.05 million. The seller in both transactions was Strand Corp. of Vancouver, BC. Strand was represented in both deals by Kenny Dudunakis of the Seattle office of Hendricks & Partners. The buyer was Fairfield Residential of San Diego.

Stonehaven at West Campus, a 518-unit apartment community situated at 1900 SW Campus Drive in Federal Way also has sold. The purchase price was not disclosed. The seller, Amstar Group, Ltd. of Denver, was represented by David Young of the Seattle office of Hendricks & Partners. The buyer was United Dominion Realty Trust, Inc.

According to recent reports completed by Paragon Real Estate Advisors Inc., the region’s apartment market is managing to stay afloat even in rough economic waters. In the south, the vacancy rate has not dropped as significantly as in some other areas thanks to its proximity to Downtown, a less congested 15-minute commute and more modest rent levels.

To the north, market investors are seeing the current market lull more as an opportunity to buy than hold or sell, says John Stoner, a partner with Seattle-based Paragon Real Estate Advisors Inc.

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