Two Seattle Apartment Buildings Change Hands

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SEATTLE-A couple of Seattle apartment properties have changed hands in recent days. In the bigger of the two transactions, the 91-unit Vantage Park Apartments in the First Hill neighborhood sold for $15.2 million.

The 91-unit apartment building was built in 2000 at 1011 East Terrace Ave., within walking distance of all four medical centers on First Hill, a.k.a Pill Hill. The new owner is locally based Security Properties Inc., which owns about 20,000 apartment units in 35 states. The seller is listed as Vantage Development I LLC.