Security Properties completes acquisition of SKY Sammamish Apartments to expand its residential portfolio
Security Properties completes acquisition of SKY Sammamish Apartments to expand its residential portfolio
08/29/24, 12:59 PM
Location
Industry
real estate
Security Properties has successfully purchased the SKY Sammamish Apartments, a 159-unit multifamily property situated in the highly desirable suburb of Sammamish, Washington. This strategic acquisition aligns with Security Properties' investment thesis of identifying newer-vintage assets in markets with high barriers to entry and a diverse mix of stable drivers, further strengthening its portfolio in the area.