August 11, 2026
SEATTLE, WA - Security Properties, a Seattle-based real estate investment firm with more than $6 billion in assets under management, announced the acquisition of Langara, a 134-unit apartment and townhome community in Issaquah, Washington, for $55.1 million, or approximately $411,000 per unit. The acquisition was made in partnership with RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of Reinsurance Group of America, Incorporated (RGA).
Langara marks the 12th market-rate acquisition for Security Properties Fund VII, the firm's latest investment vehicle, which held its final...