(Read more on the multifamily market.)
SEATTLE-RedHill Realty Investors of San Diego and AEW CapitalManagement recently acquired Royal Skies Apartments, a 240-unitproperty in the Seattle submarket of Kent. The sale price was $21.5million, according to King County property records.
Built in 1982, the complex consists of 17 three-story buildingson 18 acres at 25907 27th Pl. S., which is near Interstate 5 and aPark & Ride. The property abuts a greenbelt. The clubhouse hasa heated outdoor pool, spa, exercise facility, jogging trail,community garden and racquetball court.
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