KKR & Co. has expanded its presence in the Seattle-area multifamily market with two recently closed acquisitions totaling $172 million, both arranged by CBRE. The New York-based investment firm acquired CRU at Willows 124 in Redmond, Washington, and Baldwyn Apartments in Seattle, further building its portfolio of newly constructed rental communities in the region.
CBRE arranged the $94 million sale of CRU at Willows 124, a 195-unit, new-construction multifamily community in Redmond. The brokerage represented the seller, Goodman Real Estate, in the transaction. The property is part of a master-planned community and occupies 1.62 acres adjacent to Willows Run Golf Club. CRU at Willows 124 is a six-story, mid-rise podium building that combines residential space with 22,998 square feet of fully leased commercial space distributed across three suites.
In a separate transaction, CBRE brokered the $78 million sale of Baldwyn Apartments, a 235-unit, new-construction multifamily property at 10712 5th Ave NE in Seattle’s Northgate neighborhood. CBRE again represented Goodman Real Estate as seller. The Baldwyn Apartments were completed in 2024, adding new rental inventory to a rapidly evolving, transit-served submarket of Seattle.
Baldwyn’s location offers direct access to regional transit infrastructure. The community is within a 10-minute walk of the Northgate Light Rail Station, providing riders with an approximately 13-minute trip to downtown Seattle and about a nine-minute ride to the University of Washington. This connectivity positions the property to benefit from demand for transit-accessible housing options within the broader Seattle market.
CBRE’s investment sales team on the two assignments included Eli Hanacek, Kyle Yamamoto and Natalie Kasper, who represented Goodman Real Estate in both transactions. The combined sale volume underscores ongoing investor interest in newly built, institutional-quality multifamily assets in the Seattle metropolitan area, particularly in locations integrated into master-planned environments or served by regional light rail.
Separately, Connect Texas Multifamily is scheduled in Dallas on August 13, bringing together owners, developers, brokers, investors and lenders focused on the Texas multifamily sector. The event is positioned as a forum for market intelligence, networking and deal-making discussions among more than 300 industry decision-makers, with registration available at www.ConnectTXMF2026.com.
