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April 23, 2020

Security Properties makes top 50 list

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Security Properties plans to build a 29-story tower with 212 units on the former Two Bells Tavern site in Belltown.

The National Multifamily Housing Council recently released its list of America's top 50 apartment owners. Local shop Security Properties came in 44th, with 25,120 units. The firm, founded in 1969, develops and manages apartment projects all over the West Coast. Its current portfolio now numbers around 123 properties, which it values at nearly $7.2 billion. In the Seattle market, its notable new plans include a redevelopment of the Magnolia Albertsons into a Safeway with 138 units on top; and a 29-story tower with 212 units on the former Two Bells Tavern site in Belltown. Also on the NMHC owners list is Weidner Apartment Homes of Kirkland, at No. 14., with 56,262 units. No. 1 is MAA of Tennessee, with 100,031 units. NMHC also released Top 50 lists for managers, builders, developers and syndicaters. See nmhc.org for the full rankings.




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