A 160-unit apartment complex in Redmond changed hands last week after a national buyer paid $78 million, marking one of the larger multifamily deals on the Eastside this spring. The six-story community has been marketed to higher-end renters since it was built in 2016 and sits near Marymoor Park and the Sammamish River Trail.
As reported by the Puget Sound Business Journal, the buyer paid $78,000,000 for the asset and is the national firm Bell Partners. The company, which highlights a string of recent acquisitions on its site, completed more than $1.3 billion in purchases in 2025, according to Bell Partners.
Property and address
The community is listed as Bell River Trail at 8300 160th Avenue NE and contains roughly 160 units across six stories, per the property’s leasing site. Local rental listings and the community profile note the building opened in 2016 and advertise amenities such as a clubhouse, fitness studio and an on-site dog-wash. Bell River Trail and ApartmentFinder provide community details and floor-plan listings.
Why investors are buying in Redmond
Big-dollar deals have been the rule in Redmond: brokerage JLL brokered a landmark $286 million sale of the Parkside complex in 2024, showing appetite for premium Eastside assets. JLL’s transaction and Bell Partners’ recent acquisition activity suggest national firms remain willing to pay premiums for properties close to tech employers and trail networks.
Leasing pages for Bell River Trail still show units available and the property’s management portal lists standard resident services, indicating operations are continuing under the new owner. The $78 million transfer, for a property last sold in 2016 according to local reporting, is another sign institutional capital is refocusing on stabilized suburban apartments near Microsoft and transit projects on the Eastside.
