Midtown 64

JLL, as an exclusive advisor, is pleased to present the outstanding opportunity to acquire Midtown 64, a premier institutional-quality apartment community located in the heart of Kent.

Built in 2021, Midtown 64 (“the Property”) offers 365 units comprising studio, open one bedroom, one-bedroom, one-bedroom live-work, and two-bedroom layouts. Residents enjoy a host of premium amenities including a 24-hour fitness center with high-end equipment, clubhouse, expansive rooftop terrace with panoramic views, resort-style pool, spacious playground, and outdoor grilling and BBQ stations with firepit lounges. With floor plans averaging 806 SF, units are finished with premium touches throughout— stainless steel appliances, quartz countertops, vinyl plank flooring, AC ports, and full-size in-unit washer/dryer—delivering a true home alternative at a substantial discount to homeownership.

Midtown 64 offers residents exceptional access to the region’s premier employment centers — including the Kent Valley Industrial Corridor, the second-largest industrial park on the West Coast — with downtown Seattle and the thriving Eastside reachable in under 25 minutes. The Property sits near major employers including Boeing, Amazon, Alaska Airlines, and Blue Origin—just an 8-minute drive from Midtown64. The Kent Des Moines Link Light Rail station, located just 6 minutes from the Property, connects residents north to Lynnwood and south to Federal Way, extending reach throughout the submarket.

With no new multifamily deliveries in Kent since 2024 and no projects currently under construction within a 2.5-mile radius, Midtown 64 is exceptionally well-positioned to capitalize on the supply-constrained market environment.

Future ownership benefits from additional upside through the conversion of existing ancillary spaces into 4 residential units in Building C. Current ownership developed this opportunity to the permit-ready stage in 2022, with construction drawings already prepared.

Midtown 64 presents the opportunity to acquire a new construction, institutional-quality apartment community at a substantial discount to replacement cost, attracting a strong tenant base from key, high-demand employment centers like the Kent Valley, SeaTac, and the South Seattle aerospace hub.