SEATTLE, WA – Apartnership between Security Properties and Rockwood Capital bought Taluswood, a 512-unit multifamily property located in Mountlake Terrace, WA. The property was originally built in 1987 and sits on over 41 acres of land.

Taluswood’s unique central location allows residents the benefit of convenient regional job access in multiple directions. To the east is the heart of the East side’s High-Tech Corridor, containing some of the area’s largest employers like Microsoft and Google. Just 25 minutes north of Taluswood sits Boeing’s 100 acre, 472 million cubic feet assembly plant and more than 38,000 employees. Bothell, also east of Taluswood, is a business hub featuring notable employers such as Blue Heron Biotechnology, AT&T, Lockheed Martin, and Seattle Genetics. Further, being just 25 minutes north of Seattle, the list of employers expands to include Amazon, Facebook, University of Washington, Tableau, and Providence Health. 

This accessibility will be further enhanced when Sound Transit’s Link Light Rail extends its service north to the intersection of 236th Street SW and Interstate 5 (approximately 1 mile west of the property), currently scheduled to open in 2024.

Within 10 minutes of Taluswood, residents are exposed to multiple major shopping centers, including the Alderwood Mall, the Northgate Mall and the Park Hills shopping center. These major shopping centers include a variety of dining and retail options, including Nordstrom, REI, Apple, Target, Macy’s, Panera, and Starbucks. Other nearby amenities include the Terrace Creek Park (60-acres) and Ballinger Park (55-acres), both within a 5-minute drive.

The partnership between Security Properties and Rockwood plans to renovate the unit interiors, update the common areas and paint the exteriors.  According to Davis Vaughn, Senior Director at Security Properties, the acquisition was made because, “[a]s one of the first garden-style assets of scale heading north from Seattle, Taluswood is well-positioned for those looking for relief from Seattle pricing.  With convenient job access to Everett, Seattle and the Eastside, walkable light rail coming, and a low-density setting that will never be replicated, Taluswood offers an brilliant value proposition for renters that will only be enhanced by the plotted renovation.”

“Rockwood Capital firmly believes that the Puget Sound is one of the most vibrant markets in the nation, and we are excited to buy Taluswood given its hard-to-reproduce, low-density nature that will appeal to a broad range of renters,” said Matthew Friedman, a Director of Rockwood Capital. “We feel the asset is ideally positioned for a meaningful value-add program that will make a unique offering in the market.”

The property will be managed by Security Properties Residential, an affiliate of Security Properties.

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LOS ANGELES, CA – AMCAL Equities announced that its newest luxury community, Clarendon Woodland Hills, is set to open this fall with 335 new apartments. Located in the heart of Woodland Hills and only steps from Los Angeles’ famed Ventura Boulevard,Clarendon Woodland Hills will offer residents simple access to local businesses, services and destinations including the Warner Center, Westfield Topanga and the Village, downtown Los Angeles, and the world well-known Pacific Coast Highway leading to gorgeous Malibu and Santa Monica beaches.

Located at 22121 Clarendon Street, the perfectly landscaped 4.3-acre community with a locally-inspired modern design aesthetic will offer a variety of unit plans to accommodate varying lifestyle preferences including studio, and 1- to 3-bedroom apartments. 

Luxury amenities include a resort-style swimming pool and spa, outdoor grills, fire pits and seating areas within a landscaped terrace, and a bark park with dog run and pet stations for Fido and Frida. Residents will also delight in a state-of-the-art fitness center and a barre and yoga studio with virtual individual and group fitness classes. Other amenities include: Plenty of secured parking; Basketball court; Walking trail; Poolside cabana seating; Secure bicycle storage; Electric vehicle charging stations; Business center with conference room; Clubroom with demonstration kitchen; Separate game room for residents and their guests.

Many homes will feature large windows, generous balconies and luxurious baths with deep soaking tubs and glass-framed showers. All homes have stone counter tops and tile back splashes, self-learning Nest Thermostats, custom walk-in closets and in-home full sized washers and dryers.

“We are delighted to bring new luxury apartment homes to Woodland Hills,” said Percy Vaz, AMCAL CEO. “We focused on including all the amenities that modern Los Angeleans want in their apartment homes and are excited for residents to go in and experience living at Clarendon Woodland Hills.”

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NASHVILLE, TN – San Francisco-based real estate investment firm Hamilton Zanze has bought two apartment communities, Post Ridge Apartments and 865 Bellevue, in Nashville. The deals mark the company’s first entry into the Tennessee market and ongoing regional expansion in the eastern United States.

“With its expansive unit floorplans, Post Ridge Apartments serve a highly desirable and underserved demographic, and 865 Bellevue’s strategic location between Highway 70 and Interstate 40 provides its residents simple access to Downtown Nashville, the Medical District, and other major employment centers,” said David Nelson, Hamilton Zanze’s managing director of acquisitions. “Both properties presented an opportunity to buy well-located, value-add assets in a fantastic market. We are excited about being a part of the Nashvillemarket and will continue to look for more opportunities there.”

Built in the early 1970s, 865 Bellevue comprises 326 rentable units and is located at 865 Bellevue Road. The preliminary renovation plans for the property include modernizing walls and ceilings, resurfacing countertops, adding new flooring, and updating lighting throughout. Amenities such as the pool area, the fitness center, and the clubhouse will also be enhanced.

Post Ridge Apartments is located at 595 Hicks Road and comprises 150 two- and three-bedroom units averaging 1,489 square feet each. The property is just one mile from the One Bellevue Place development, which will be one of the largest mixed-use districts in Nashville once completed. HZ plans to make light improvements to both individual units and shared amenities, including exterior façade and roofing enhancements. Property management at both properties has been transferred to Mission Rock Residential, an affiliate of HZ. 

Nashville has seen a meteoric rise in recent years, in both population and economic activity. The market is defined by a diverse economy, low costs of living and doing business, a creative culture, and a well-educated population. Early 2019, Amazon announced plans to locate a large part of its “HQ2” project in the metro. Several other corporate relocation announcements point to continued demand, driven in part by the region’s high quality of life.

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