Postmark

JLL, as an exclusive advisor, is pleased to present the outstanding opportunity to acquire a newly constructed institutional apartment community with luxury-grade features located in the Seattle MSA’s Shoreline submarket.

Built in 2020, The Postmark (the “Property”, “Subject”, or “Postmark”) consists of 243 studio, open 1-bedroom, 1-bedroom, 1-bedroom den, 2-bedroom, and 3-bedroom units along with a host of exceptional community amenities including a courtyard clubhouse, state-of-the-art fitness center and spin studio, outdoor terrace, community kitchen, coffee bar, media lounge, and many more luxurious spaces for residents.

New ownership stands to benefit from the Property’s proximity to outstanding public transportation amenities including the new Shoreline North/185th light rail station which opened in August 2024 and provides a 20-minute commute to Seattle and will provide a 45-minute commute to Bellevue when the East Link extension is completed in 2025. This enhanced accessibility has augmented Shoreline’s access to key technology employers that are thriving in Seattle and on the Eastside. Easy access to these employment hubs continues to bolster demand for rental housing in Shoreline. New ownership will also benefit from the Property’s participation in Shoreline’s Multifamily Tax Exemption (MFTE) program. In exchange for maintaining 20% of units at affordable levels, ownership pays abated real estate taxes through at least 2032 with the option to apply to extend the exemption for an additional 12 years. With its impressive amenities and valuable tax benefits, The Postmark represents a rare opportunity to own a high-quality property in the sought-after Seattle MSA.