Whisperwood Apartments

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Whisperwood Apartments, a 126-unit LIHTC Property in the Seattle MSA. Conveniently located in Burien, residents have direct access to Downtown Seattle and the submarket’s major employers, including SeaTac Airport (10-minute drive) and Boeing’s Development Center (5-minute drive). The Property has achieved over 17% lease rent growth in the past 12 months and year-to-date collections exceed 95%. Investors will benefit from further revenue growth as rents can be increased to the LIHTC max and the spread to prevailing market-rate rents will drive long-term demand and consistent cash flow at the Property.