Oakwood and Mapletree partnership adds Seattle apartments

George Sell George Sell Uploaded 31 July 2015


US: Oakwood Worldwide has added a newly constructed 100-unit multifamily apartment complex in Seattle to its portfolio.

The development, in the South Lake Union neighbourhood of Seattl, is a LEED Silver certified complex. Newly re-named Oakwood Seattle South Lake Union, it is the fifth acquisition by Singapore-based Mapletree Group as part of its joint venture with Oakwood Worldwide.

"Seattle is such a vibrant city with tremendous job growth, driving increased demand for corporate housing from our global clients," said Scott McDonald, senior vice president operations and service excellence, Oakwood Worldwide.  "South Lake Union is the perfect location for expansion, allowing us to strengthen our presence in the marketplace and offer our clients increased choice and flexibility to meet their corporate housing needs."

Oakwood Seattle South Lake Union features studio, one-, and two- bedroom apartments with sustainability-oriented amenities including eco-friendly landscaping and energy efficient appliances. 

"The size, age and contemporary style of this property fit perfectly within our strategy to expand our presence of branded buildings across the globe," said Mike Jara, west coast acquisitions director, Oakwood Worldwide.  "As our first property in the Pacific Northwest, Oakwood Seattle South Lake Union complements our recent acquisitions in Raleigh, Dallas and the Silicon Valley.  Oakwood Worldwide and Mapletree will continue to target properties in strong job growth markets throughout the US."



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