Issaquah apartments sell for $39.5 million

October 16, 2012

By Staff

Issaquah’s Lakemont Orchard Apartments sold last month for $39.5 million, according to King County property records.

MainStay Investments, a division of New York Life Insurance Co., bought the 17-building complex from Invesco, a Dallas-based investment firm. The complex includes 201 units at 18305 S.E. Newport Way, near the Issaquah-Bellevue city line.

The complex opened in 1992. Invesco bought the apartment complex for about $21 million in 1998, according to county property records.

Bookmark and Share

Comments

Got something to say?

Before you comment, please note:

  • These comments are moderated.
  • Comments should be relevant to the topic at hand and contribute to its discussion.
  • Personal attacks and/or excessive profanity will not be tolerated and such comments will not be approved.
  • This is not your personal chat room or forum, so please stay on topic.