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Weidner Apartment Homes has completed the sale of Arrive Magnolia, a 337-unit apartment community located in Seattle’s Magnolia neighborhood, for a total of $106.5 million.
The buyer of the property is an entity managed by Sam Eisenman, president of Irvine-based Trinity Property Consultants. The firm manages multifamily assets in 31 states nationwide.
Situated on a six-acre site at 3520 27th Place West, the complex spans 10 parcels with a combined assessed value of approximately $102.3 million. Originally developed in the 1960s and 1970s, the community features one- to four-bedroom floor plans, with unit sizes ranging from 685 to 1,788 square feet. Weidner purchased the property in 2005 for $47.7 million and rebranded it as Outlook at Magnolia before its most recent transition to Arrive Magnolia.
This transaction highlights continued momentum in the region’s multifamily market, following recent suburban investments in Edmonds and Mill Creek. Weidner remains active in the Pacific Northwest, having recently divested assets in Lynnwood while expanding its footprint with acquisitions in Everett and Kirkland.
Both parties declined to provide further comment on the deal.
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