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Emerald Bay Sheds Two Multifamily Properties

SEATTLE-RREEF America REIT II pays $44 million for Eden Hill and Sweetbrier here and say that they are compelling investment opportunities for its investors.

By Natalie Dolce | Updated on July 12, 2011

(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).

SEATTLE-RREEF, the real estate investment business of Deutsche Bank’s Asset Management division, RREEF America REIT II, has acquired Eden Hill and Sweetbrier, two multifamily properties in Seattle for $44 million. GlobeSt.com learns that the seller of both properties was Emerald Bay Equity. Eden Hill and Sweetbrier are two four-story multifamily/retail properties located at 1925-2111 Queen Anne Ave. N. in the amenity-rich Queen Anne submarket of Seattle. The properties, which were completed between 2008 and 2009, are comprised of 81 apartment units and 27,000 square feet of street level retail.  

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