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SEATTLE-Three apartment properties in the region changes hands recently in separate transactions. The 206-unit StoneCreek at Bellevue sold for $35.7 million, the 388-unit Forest Cove Apartments in Federal Way traded for $32 million and the 72-unit Factoria Firs in Bellevue went for $12.3 million.

In the larger of the three deals, the Irvine, CA-based Bascom Group sold Stone Creek to Archstone-Smith Operating Trust for $172,815 per unit. Built in 1978, the 13-building apartment complex is located at 14719 NE 37th Pl., across the street from Microsoft's world headquarters in Bellevue, WA. The transaction was negotiated by Kenny Dudunakis with the Seattle office of Hendricks & Partners.

Another well-located Bellevue property, the Factoria Firs Apartments, was sold to Wysong Capital Corp. by Security Properties Inc. for $170,833 per unit. Built in 1981, the 72-unit property is located across from the Factoria Square shopping mall. Wysong intends to rehab the units and sell them off as condominiums. The transaction was brokered by Dave Schumacher and David Mortensen of Columbia Partners LLC.