December 3, 2019 Comments Off on Abacus Capital Acquires 284-Unit Renton MF for Nearly $60M Views: 445 Seattle & Pacific Northwest News, Seattle News

Abacus Capital Acquires 284-Unit Renton MF for Nearly $60M

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An affiliate of New York-based Abacus Capital Group LLC acquired The Renton Sage, a 284-unit garden-style multifamily property in Renton, WA, from California-based New Standard Equities Inc. for $59.5 million.

Located at 4455 NE 12th St., the property features two- and three-bedroom floor plans with walk-in closets, dishwashers and in-unit washers and dryers. Community amenities include a fitness center, a pool, a playground, a basketball court and walking trails. The community is near Riverview Park, Renton Technical College and the shops and restaurants along NE Sunset Boulevard.

Berkadia’s Kenny Dudunakis, David Sorensen and Ben Johnson handled the deal on behalf of the seller.

“With the growth of both Bellevue and Renton, especially the Renton Landing and Southport, we anticipate The Renton Sage will see continued strength in terms of its performance,” said Johnson.

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