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Clarion Partners Pays $76M for Walton Lofts

SEATTLE—Clarion Partners has a significant presence in the Seattle area, and according to one source, it is a city in which Clarion is actively looking to increase its investment exposure.

By Natalie Dolce | nataliedolce | Updated on August 23, 2016

Walton Lofts Walton Lofts

SEATTLE—New York-based Clarion Partners has acquired Walton Lofts, a class A, Green Globes Certified, 136-unit luxury apartment building in the Belltown neighborhood of Seattle, Washington on behalf of a separate account managed by the firm.  The acquisition price was $76 million.

Dean Rostovsky, head of the Walton Lofts acquisition team notes that “With protected views of Elliott Bay and the Olympic Mountains, high quality finishes, and extensive amenities, we are proud to add Walton Lofts to our national residential portfolio. Clarion Partners has a significant presence in the Seattle area; it is a city we believe in, and one in which we are actively looking to increase our investment exposure.”

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