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S. Lew & Associates, Inc. and Investors Purchase 401-unit Avery At the Reserve for $90M

Updated: Dec 27, 2019



FEDERAL WAY, WA - San Diego-based S. Lew & Associates, Inc. and investors have acquired Avery At The Reserve in South Seattle for $90 million. 

Built in1989, this multi-family garden style apartment community offers a mix of 401 units that includes one-, two- and three-bedroom units. Amenities include two clubhouses, two outdoor and one outdoor pool, indoor basketball court, indoor basketball court, gym and business center, among others amenities. Seattle-based Epic Asset Management will manage the property. 


According to Stephen Lew, President of S. Lew & Associates, Inc.,“We are excited to add another valuable asset in our portfolio in the Pacific Northwest. The acquisition reflects our belief that this region will continue tremendous growth in economic potential, superior job growth and is close proximity to high quality of life amenities. We believe Avery at the Reserve enhances the performance of our existing portfolio in the region and should result in strong returns for our investors."

"The acquisition reflects our belief that this region will continue tremendous growth in economic potential, superior job growth and is close proximity to high quality of life amenities. We believe Avery at the Reserve enhances the performance of our existing portfolio in the region and should result in strong returns for our investors."

Including Avery at the Reserve, S. Lew & Associates Inc. and Investors own approximately 1,200 units in the Pacific Northwest.


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