Virtú Investments Acquires Outlook Apartments in Graham, WA
Sep 06, 2017
*Graham, WA*— Virtú Investments will acquire The Outlook, a recently constructed, 188-unit apartment property in a surging suburb of the greater Seattle-Tacoma market. Virtú is excited by the property, which offers an amenity-rich, townhome-style experience for pre-homeownership renters that are seeking high quality housing in one of the highest growth markets in the country. The property is well positioned to meet a regional demand for townhome floorplans with attached garages yet faces limited competition because construction economics currently favor smaller apartments or larger homes.
The Outlook is located in the city of Graham, roughly 40 miles south of Seattle and 20 miles from Tacoma. The property has exceptional drive-by visibility on a main arterial highway that runs all the way from Seattle to Mt. Rainier. The neighborhoods of Graham and neighboring Puyallup are highly desirable areas for families looking to escape the congestion and skyrocketing prices of Seattle, with good schools, access to employment, abundant modern retail, and lifestyle amenities. Outlook residents work in several of the areas hospitals and medical facilities, Boeing, and nearby Joint Base Lewis-McChord.
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