Green Diamond Resource Company, a Seattle-based timberland mainstay, has shelled out about $59 million for Corner 63, a 139-unit apartment building in the Roosevelt neighborhood. The seven-story complex sits a short stroll from the Roosevelt Link light rail station and is among the newer transit-oriented projects north of the University District. The deal is another signal that investors are still hungry for recently built, amenity-heavy apartments in Seattle.
Timber firm pays about $59 million
As reported by the Puget Sound Business Journal, this is Green Diamond’s second apartment acquisition in the region in just a few months, part of what the outlet describes as a slow but steady move into rental property ownership. The Business Journal places the Corner 63 deal in the same bucket as other recent trades for newer, transit-adjacent properties around Seattle, suggesting institutional buyers are still leaning toward rail-accessible product…