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SADDLEBROOK APARTMENTS SELLS FOR $28.3 MILLION

DES MOINES, WASH. — FSC Saddlebrook Associates LLC has acquired Saddlebrook Apartments, a 223-unit apartment community located at 2100 S. 260th St. in Des Moines. Denver-based Simpson Housing LLLP sold the property for $28.3 million. The community consists of 22 three-story buildings offering studio, one-, two- and three-bedroom units averaging 850 square feet. Kenny Dudunakis of Hendricks & Partners Seattle office represented both parties in the transaction.

Content Partners
‣ Arbor Realty Trust
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‣ Lee & Associates
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