(Save the date: RealShare Apartments comes to theWestin Bonaventure, Los Angeles, October24.)

RENTON, WA-Fairfield Residential Apartments LLChas received a senior financing loan of $103million for two multifamily properties totaling880 units in the Renton submarket of Seattle—theReserve and the Sanctuary—fromPrudential Life Insurance Co. The seven-year,fixed-rate loans are further evidence that the multifamily sectorremains a major target for financing and investment.

Jones Lang LaSalle Capital Markets’ executivemanaging director Tom Fish, managing directorDavid Young and EVP Holly Minteracted on behalf of the borrower in securing the loan. “Multifamilycontinues to be the strongest property sector in the greaterSeattle MSA, as this financing proves,” said Minter in a preparedstatement. “We garnered a significant amount of interest from thelending community eager to expand their portfolios in the PacificNorthwest and were able to secure excellent terms forFairfield.”