Issaquah apartments sell for $39.5 million
October 16, 2012
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.