REDMOND, WASH. — Lakevision Capital has purchased Parkside Apartments, a 664-unit community located at 15551 NE Turing St. in Redmond, roughly 15 miles east of Seattle. A Texas-based group of investors, previously associated with Lincoln Property Co. Residential and Daiwa House Texas, sold the property for $286 million.
Built in 2021, Parkside Apartments spans four buildings on a 4.5-acre site. Apartments come in studio, one- and two-bedroom floor plans. Residents have access to amenities such as two rooftop decks, fitness center, a pet wash station, entertaining suite and game lounge.
JLL worked on behalf of the seller and procured the buyer. David Young, Corey Marx and Chris Ross led the JLL Capital Markets investment sales and advisory team.
Lakevision Capital was established in 2018. According to the company’s website, Lakevision Capital acquires properties in markets with strong job growth and accessible public transit. The firm has two offices in New York City and San Jose, California.