The newly constructed Latitude 45 apartments in Vancouver have been sold to a private buyer for $20.5 million. Chicago-based JLL Capital Markets facilitated the sale and announced the deal Tuesday. JLL said it also worked with the buyer to obtain a 10-year loan through Fannie Mae.
The identity of the buyer was not disclosed.
The 90-unit garden-style apartment complex is located at 11202 N.E. 20th St. in the Landover-Sharmel neighborhood. It was built by Vancouver-based Ginn Group and completed in July. The community contains a mix of one- and two-bedroom units.