Brookside Village Apartments Trades

AUBURN, WA—Griffis Residential, a Denver-based multifamily investment and management firm, has acquired Brookside Village Apartments located south of Seattle. The 177-unit class-A multifamily community is the firm’s first acquisition in the Seattle metro area, following the June 2015 acquisition of Talavera Apartments in Austin, TX. With the Brookside Village acquisition, Griffis Residential currently owns and manages approximately 6,400 apartment units in Colorado, Texas, Nevada and Washington.

“Brookside Village is a well located asset in a dynamic submarket that is enjoying steady job growth,” said Griffis Residential executive chairman Ian Griffis. “The Seattle metro area is a ‘center of innovation’ with a robust, diversified economy that is generating above-average wage growth. We like the supply constraints in the Pacific Northwest apartment market and we are actively pursuing additional acquisitions as we work to expand our presence in the area.”