Carmel Partners has paid $120.7 million, or $417,647/unit, for the 289-unit Urbana Apartments in Seattle. The San Francisco investment manager purchased the property from its developer, Equity Residential of Chicago. Marcus & Millichap’s Institutional Property Advisors unit brokered the deal and arranged an $80.34 million Fannie Mae loan that was provided by M&T Realty. Urbana, […]

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