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Announced

Completed

Security Properties completed the acquisition of SKY Sammamish.

Synopsis

Security Properties, a property management company, completed the acquisition of SKY Sammamish, an apartment building. Financial terms were not disclosed. "SKY Sammamish is a prime example of our firm's investment thesis of identifying newer-vintage assets in markets with high barriers to entry and a diverse mix of stable drivers. We feel that we have the best asset in a submarket with a very limited historical supply, excellent schools, and strong demand for high-quality housing. The Issaquah and Sammamish submarket has been a strong performer for us for many years and we are excited to add to our existing portfolio in the area," Alex Gauper, Security Properties Senior Director.

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