154
SEATTLE — Fowler Property Acquisitions has purchased the 388-unit Landing at Dashpoint apartment community in the Seattle submarket of Federal Way for $46 million. The community is located at 31004 19th Place SW.
Landing at Dashpoint was built in 1976. It was 95 percent occupied at the time of sale.
Fowler plans to continue upgrading the interiors, a project that was initiated by the seller, Bridge Investment Group. The new owner will also complete renovations to the property’s exterior.
Kenneth Dudunakis, Ben Johnson and David Sorensen of Berkadia executed the transaction.