Security Properties acquires 186-unit apartment community in North Seattle
Monday, November 2, 2026 · first reported by IREI
Cooper Apartments, a Seattle property in the Bitter Lake area with 186 homes, has been acquired by Security Properties for $37.75 million, roughly $203,000 a unit. The figure is 28 percent below the $52.75 million paid in 2019.
The deal was made for Security Properties Multifamily Fund 7, which now counts 13 market-rate purchases, and was completed with private equity from the firm's investor network. CBRE brokered it.
Built in 1993, the five-story complex at 13530 Linden Ave. N. received over $6.8 million of capital work between 2020 and 2024. Of its units, 179 have been fully or partially renovated.
- Fund
- Security Properties Multifamily Fund 7
- Deal value
- $37.8M
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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