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As an incentive for investment in taxable infrastructure or other facilities that create a public benefit, a PILOT may be negotiated to limit or defer the property taxes on a developer. Such an arrangement usually provides a city with In effect, the local taxpayers are subsidizing the development, which might otherwise have gone elsewhere.
Tower 12 is an apartment building in Seattle, Washington.The 34-story, 392-foot-tall (119 m) skyscraper has 314 apartments as well as 7,000 square feet (650 m 2) of ground-level retail space. [5]
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area. [ 1 ] As of December 31, 2023, the company owned interests in 252 apartment complexes, aggregating 61,997 apartment units, and 3 commercial office buildings, comprising 283,000 square feet.
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Rainier Tower, Seattle One Nashville Place in Nashville, Tennessee. Unico Properties LLC (formerly University Properties Inc) is an American private equity real estate investment and development company based in Seattle, Washington, focused on the north-west and west of the US. [1] It was founded in 1953. [2]
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In 2018, Windermere Real Estate acquired a 50 percent stake in West Coast Commercial Realty, a Seattle-based commercial real estate firm. [15] Geoff P. Wood, the son-in-law of founder John Jacobi, became president of the Windermere Real Estate Company in 1999. [1] He was promoted to CEO in 2003 and became co-president in 2007. [16]
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