STRATEGIC CAPITAL PARTNERS ACQUIRES 80-UNIT APARTMENT COMMUNITY

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SEATTLE — Strategic Capital Partners LLC through its fund, Strategic Partners Value Enhancement Fund, has acquired Newport Heights, an 80-unit apartment community in Seattle, through a partnership sponsored by Seattle-based Horizon Realty Advisors LLC. Built in 1985 and located in South King County, the property consists of 12 two-story buildings and is currently 99 percent occupied. Horizon plans to invest approximately $800,000 to renovate the property, including new exterior paint, new roofs, and interior upgrades including new flooring, appliances, lighting and counter tops.

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