The seller was AG/Virtu Vintage Park LLC, an entity of New York City-based Angelo, Gordon & Co., an investment adviser. The property was recapitalized early last year in a deal that valued it at $24.1 million, according to industry sources. It was not immediately clear how much the seller invested in the property during its ownership, but it is believed to have addressed some deferred maintenance.

Located 12 miles south of Seattle at 1101 SW 139th St., Vintage Park will be renamed the Heights at Burien. Constructed in the mid-1940s, the garden-style apartment property features 44 buildings on a 25-acre site.

The unit renovation program will include upgrades to kitchens and bathrooms, new lighting and hardware and the addition of washers and dryers. The common area improvements will include new siding and roofs, upgraded playground and picnic areas and improved lighting, paving and concrete work. New amenities will include a new club room, business center and fitness center.