Green Diamond Resource Company, a Seattle-based timberland mainstay, has shelled out about $59 million for Corner 63, a 139-unit apartment building in the Roosevelt neighborhood. The seven-story complex sits a short stroll from the Roosevelt Link light rail station and is among the newer transit-oriented projects north of the University District. The deal is another signal that investors are still hungry for recently built, amenity-heavy apartments in Seattle.
Timber firm pays about $59 million
As reported by the Puget Sound Business Journal, this is Green Diamond's second apartment acquisition in the region in just a few months, part of what the outlet describes as a slow but steady move into rental property ownership. The Business Journal places the Corner 63 deal in the same bucket as other recent trades for newer, transit-adjacent properties around Seattle, suggesting institutional buyers are still leaning toward rail-accessible product.
About Corner 63
Trammell Crow Co. lists Corner 63 as a seven-story, 139-unit community at 6300 Ninth Avenue NE that wrapped construction in winter 2023 and sits about four blocks from the Roosevelt Link station. According to the developer, the building features a rooftop deck, co-working space, fitness center, pet spa, and secure underground parking, checking most of the boxes on the modern renter's wish list. Public rental listings name Avenue5 Residential as the property manager and show a mix of studio, one-bedroom, and two-bedroom floor plans.
Seller and deal mechanics
Industry tracking sites identify the seller as High Street Residential, the residential arm of Trammell Crow, with CBRE's multifamily team brokering the deal. RentV pegs the purchase price at roughly $59.25 million, or about $426,000 per unit, and names Eli Hanacek, Kyle Yamamoto and Natalie Kasper as the brokers on the transaction. That pricing and full-service brokerage lineup are in line with other recent trades for newer, transit-proximate buildings in the Roosevelt area.
Green Diamond's multifamily push
Green Diamond has already dipped a toe into the apartment pool with at least one smaller deal. Trade reporting shows the company acquired a 28-unit complex in Maple Valley late last year, a move covered by The Registry. In its own materials, Green Diamond Resource Company describes itself as a sixth-generation forestland owner headquartered in Seattle, with deep regional landholdings. That kind of legacy timber profile makes its growing interest in apartments a notable pivot, even if the firm is moving carefully rather than on a buying spree.
Roosevelt remains a development magnet
The Corner 63 sale drops another institutional owner into a Roosevelt submarket that has been steadily filling in with new multifamily projects. The Seattle Department of Housing lists Corner 63 among the neighborhood's MFTE-qualified properties, tying it directly into the city's push for transit-oriented, income-restricted units. Industry coverage, including reporting from REBusinessOnline, has tracked a consistent pipeline of new development in and around Roosevelt, which helps explain why newer assets near light rail keep drawing investor attention.
For Green Diamond, the purchase plants a flag in a neighborhood that is still reshaping itself around the light rail station, and for the broader market it is another reminder that capital is still circling Seattle's transit-corridor apartment stock. For more detail on the sale and the company's recent acquisitions, see reporting by the Puget Sound Business Journal.
