Windsor was acquired as part of a multi-state portfolio and is located in the strong Seattle suburb of Renton. The submarket’s rent growth, occupancy rates, and employment figures have been trending upwards for quite some time and the property stands to directly benefit from the strength of the local economy, as from the well from the macro-tailwinds supporting the broader Seattle MSA.
TruAmerica intends to maximize returns on this investment by implementing a moderate renovation program to unit interiors and common area amenities. The Company owns over 900 units in the City of Renton and is experienced in the submarket.
The blended acquisition cap rate of the portfolio was far higher than those of market comparable sales.
A welcoming community that provides comfort and convenience at an unprecedented value. With graceful style, The Windsor homes exemplify unique details and thoughtful touches rarely found in an apartment community with a perfect suburban location. Just minutes away from fine dining, shopping, and entertainment.