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Real Estate

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July 5, 2022

400 Bellevue units trade for over $204M

BELLEVUE — Overlook at Lakemont, at 5305 Lakemont Blvd. S.E., sold last week for a bit over $204.2 million, according to King County records. The seller was Overlook at Lakemont Venture LLC, associated with Security Properties, which acquired the property in 2016 for about $121.8 million.

The buyer was SEA Lakemont 20202022 LLC, which is associated with Acacia Capital. Public records indicate a nearly $107.8 million loan from Fannie Mae, sourced via Walker & Dunlop

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