Freestone Capital Acquires 106-Unit Multifamily Property in Seattle for $32.2M
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Seattle absorption has been weighed down by tech tenant footprint optimization. Multifamily and industrial have been more resilient, with selective bids on best-located product. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- Disclosed multifamily deal value tracked in September 2026: $11.6B across 138 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
SEATTLE — Freestone Capital has acquired Aperture on Fifth, a 106-unit community in the Denny Triangle neighborhood of Seattle, from PrivatePortfolio GroupFreestone Capital for $32.2 million, or $304,245 per unit. Gio…
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