JLL completes sale of 331-unit Link and Mural apartment portfolio in Seattle

SEATTLE, Oct. 8, 2025 –  JLL Capital Markets announced today the sale of Link and Mural Apartments, two premier apartment communities totaling 331 total units in West Seattle's desirable Junction neighborhood.

JLL represented the seller in the transaction, while Virtu Investments acquired the asset.

The properties consist of Link Apartments, a 195-unit midrise community built in 2011, and Mural Apartments, a 136-unit midrise community built in 2009. Both properties feature contemporary podium-style construction and are strategically located within walking distance of West Seattle's main retail corridor along California Ave.

Link Apartments spans 0.83 acres at 4550 38th Ave. SW and 4627 37th Ave. SW, delivering an average unit size of 653 square feet with a diverse mix of studio, open one-bedroom, one-bedroom, one-bedroom plus den and two-bedroom configurations. The community features exceptional amenities, including a 24-hour fitness center, rooftop deck lounge with panoramic views of the Seattle skyline, package lockers, six electric vehicle charging stations and multiple barbecue stations. The property also includes 17,079 square feet of retail space that is 100 percent leased to established tenants, including Bright Horizons daycare center.

Mural Apartments occupies 0.52 acres at 4727 42nd Ave. SW and offers an average unit size of 698 square feet across studio through two-bedroom floor plans. The seven-story community mirrors Link's premium amenity package with a fitness center, rooftop entertainment area and six electric vehicle charging stations. The property features 5,275 square feet of fully leased retail space housing quality tenants, including Portage Bay Cafe, Just Poke and Seasons Salon.

Both properties participate in Seattle's Multifamily Tax Exemption program, providing significant tax abatements through 2035 for Link and 2033 for Mural. In exchange for maintaining 20 percent of units at affordable levels, ownership receives substantial property tax savings. Link maintains 39 affordable units, while Mural offers 28 affordable units at various income levels.

The communities benefit from their prime location within a 10-minute drive of downtown Seattle and South Lake Union, providing residents with convenient access to the region's largest employers and major healthcare systems. The properties are positioned to benefit from the planned Alaska Junction Light Rail station, part of the five-mile West Seattle Link Light Rail expansion scheduled to open in 2032. Popular amenities within walking distance include the West Seattle Golf Course, numerous parks and recreational facilities, and the renowned Alki Beach.

The JLL Capital Markets team was led by David Young, Corey Marx and Chris Ross.

“The sale reflects continued investor confidence in the Seattle multifamily market, which leads West Coast metropolitan areas in population growth and maintains favorable employment and demographic trends,” said Ross. “With limited new supply delivery forecasted and sustained in-migration to the region, institutional investors continue to view Seattle-area apartment communities as attractive long-term holdings.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Founded in 1997 and headquartered in Larkspur, California, Virtú Investments is a privately held real estate investment firm specializing in the acquisition, ownership, and operation of multifamily communities across the United States. Since its inception, Virtú has acquired and managed more than 135 properties, encompassing over 23,000 apartment units and totaling $4.4 billion in real estate transactions.

With over two decades of disciplined investing, Virtú combines a highly selective acquisitions strategy with a fully integrated property management platform, delivering consistent, risk-adjusted returns for its investors.