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October 8, 2014

Invesco buys Vulcan apartments for $113M

By JOURNAL STAFF

SEATTLE — An entity related to Dallas-based Invesco Real Estate bought The Martin apartments from an entity related to Vulcan Real Estate for $113.47 million, property records show.

The price works out to $603,573 per unit for the 24-story, 188-unit tower, which is the second highest per-unit price recorded in the region. Schnitzer West last year got $$676,523 per unit for The Bravern Signature Residences in Bellevue, also from Invesco.




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