JLL arranges $10.732M sale and $6.7M financing of Seattle apartment community

JLL arranges $10.732M sale and $6.7M financing of Seattle apartment community

Authors

Kristen Murphy

Key Takeaways

• JLL Capital Markets arranged the $10.732 million sale and $6.7 million financing of 510 Place, a 36-unit multifamily community in Seattle, Washington

• 510 Apartments, LLC purchased the asset from 510/520 Fourth West Properties, LLC, who’ll be completing a 1031 exchange

• 510 Place is located in the desirable Queen Anne neighborhood just north of downtown Seattle

SEATTLE, Nov. 5, 2026 – JLL Capital Markets announced today that it has arranged the $10.732 million sale of 510 Place, a 36-unit mid-rise multifamily community in Seattle, Washington.

JLL represented the seller, 510/520 Fourth West Properties LLC, a longstanding local investment group led by Kevin Chinn who is strategically repositioning its portfolio for the next generation. 510 Apartments, LLC, a longtime local investor, purchased the asset in an off-market transaction and was assisted by JLL in securing acquisition financing from Freddie Mac through JREC.

510 Place is a well-maintained property with unique floorplans, offered for sale for the first time since the owners built it in 1990. The property is ...