Source: Griffis Residential / #Multifamily #Apartments
SEATTLE, WA - Griffis Residential, a Denver-based multifamily investment and management firm, announced that it has acquired Berkshires on Elliott Apartments, a 233-unit Class-A multifamily community located in the downtown Seattle neighborhood of Belltown. With the acquisition, Griffis Residential owns and manages 7,750 apartment units in Colorado, Texas, Nevada and Washington. Additional target markets include Portland and the San Francisco metro area.
Effective immediately, Berkshires on Elliott Apartments has been renamed Griffis Belltown Seattle.
"We are looking forward to implementing our value-add strategies and service upgrades at Griffis Belltown," said Griffis Residential Co-CEO, Ian Griffis. "While the supply of apartments in Seattle is expanding, the long-term economic future of this innovation hub is appealing. Demographics continue to favor the apartment industry going forward."
Griffis Belltown offers studio, one, two and three-bedroom units that feature in-unit washers and dryers, breakfast bars, fully-equipped kitchens, and gas fireplaces. Along with private patios and balconies, the rooftop community deck offers stunning panoramic views of downtown Seattle and the Puget Sound. Additional community amenities include garage parking and elevators, an outdoor fireplace, heated pool and spa, media rooms, and a fitness center.
Major area employers within approximately two miles from the community include Zulily's headquarters, the upcoming Expedia campus, and the sprawling Amazon world headquarters/main campus.