Mill Creek sells 300 Redmond units for over $123M

Mill Creek sells 300 Redmond units for over $123M

The fairly new Modera Redmond, at 8709 161st Ave. N.E., sold this week for $123.2 million, according to King County records.

AEW Capital Management Sells 300-Unit Apartment Community in Redmond for $123.2MM - The Registry

By Kate Snyder A multifamily property in Redmond has traded hands, showing that investors continue to be attracted to the city’s residential offerings. The property, known as Modera Redmond, was sold for $123.2 million, or approximately $410,666 per unit, according to King County property records. The seller was an entity affiliated with AEW Capital Management, and the buyer was an entity affiliated with Ares Management.  Located at 8709 161st …