Case Study: Westvue Apartments

Westvue Apartments (formerly Westview Gardens), a 43-unit apartment complex, was built in 1987 and is located just steps from downtown Woodinville, one of the most robust submarkets in the post Covid era. Pilot Capital acquired the property for $13.75 million in December 2022, and it is the first time the property has traded hands in over 20 years. The property is professional managed by Pilot Property Management.

The suburbs northeast of Seattle are experiencing strong rent growth and population growth, but continue to have a lack of housing supply, and Woodinville is no exception. Combined with the robust development of the Downtown District, Schoolhouse District, Gardens District, and Harvest project, there is a considerable boom happening in Woodinville, and Westvue is ideally located to benefit. Westvue is also conveniently located with 20 minutes of Eastside employment hubs in Redmond, Kirkland, and Bellevue.