Acquisition of The Platform at Othello Station

United States

Deal value: $112,000,000

Acquisition of a mixed-use, transit-oriented development adjacent to Othello light rail station in Seattle, featuring 351 apartments (including 80 affordable units), 20,000 sq ft of retail, and direct access to Sound Transit Link light rail.

The acquisition targets a high-quality, mixed-use, transit-oriented asset in a growing urban market. The core motivation is to capitalize on strong demand for rental housing with affordable components, benefit from direct light rail access, and secure stable, long-term cash flows. The timing reflects investor confidence in Seattle’s transit-linked neighborhoods and a belief in continued urbanization and public transit reliance.