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REDMOND, WASH. — A joint venture between Security Properties and Cigna Investment Management has purchased the 227-unit Bear Creek apartment community in Redmond for an undisclosed sum. The community is located at 17771 N.E. 90th St.
The site was originally developed in 1993. The new owner plans to renovate the units, update the clubhouse and paint the exterior.
Security Properties-affiliate Madrona Ridge Residential will manage the property.