Sekisui House, a Japanese developer, is currently in the process of selling The Ivey on Boren, a luxurious apartment complex located at 2019 Boren Avenue in Seattle’s Denny Triangle neighborhood. This transaction is valued at $328 million and will be completed through the company’s sponsored REIT.
In January of this year, Sekisui House acquired M.D.C. Holdings Inc., based in Denver for $4.9 billion in an all-cash deal. This acquisition has made Sekisui House the fifth-largest homebuilder in the United States. Additionally, they also purchased Woodside Homes back in 2017.
The Ivey on Boren was developed by Holland Partner Group and features 406 rental units along with 55,900 square feet of office space and another 7,400 square feet designated for college facilities belonging to Cornish College of Arts. Some notable amenities include a lobby lounge with concierge services and coffee bar as well as a sun deck with pool access and wellness lounge options.
This news comes from Tokyo-based company Sekisui House via an official press release rather than being reported by Connect CRE or any other similar sources.
