Stockbridge Pours Nearly $84M Into the Maverick, with 229 Burien Units

Stockbridge pours nearly $84M into the Maverick, with 229 Burien units

The fairly new Maverick apartments, at 15045 Fifth Ave S.W. in Burien, benefitted from a new infusion of cash this week. King County recorded the $83.9 million deal on Wednesday.

Pillar Properties Completes $83.9MM Recapitalization of The Maverick Apartments in Burien with New Equity Partner Stockbridge Capital Group - The Registry

(Editor’s Note: According to King County public records, The Maverick traded in an equity deal for $83.9 million, or about $366,375 per unit.)Seattle – July 23, 2025 – CBRE facilitated the recapitalization of The Maverick, a 229-unit multifamily community in Burien, and brought in a new joint venture equity partner, Stockbridge Capital Group, LLC. CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the owner, Pillar…

Pillar Recapitalizes 229-Unit Multifamily Property in Burien, Washington

BURIEN, WASH. — Pillar Properties has completed the recapitalization of The Maverick, an apartment community in Burien, by bringing in Stockbridge Capital Group as a joint venture equity partner. Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper of CBRE represented Pillar Properties in the transaction. Located at 15045 5th Ave. SW, The Maverick offers 229 studio, one- and two-bedroom units. Built in 2017, the property includes a mov…