Browse our Apartment Portfolio

In addition to lending, Blueprint develops high-quality studio apartments close to transit, shopping, and entertainment. Our projects generally have fewer than 80 units with rent levels targeted at people making 60-80% of the area median income, which is a common definition of affordable workforce housing. We believe the development of rental real estate for our own portfolio enables us to increase cash flow, diversify our income stream, and create long-term stockholder value. Our completed, under construction, and pipeline projects represent more than $150 million of development assets and over 700 units.

Vega

  • 4528 44th Ave. SW
  • West Seattle
  • 58 Units | Completed in 2017
  • vegaapts.com

Luna

  • 6921 Roosevelt Way NE
  • Roosevelt
  • 71 Units | Completed in 2018
  • lunaapts.com

Yale

Val Anne

Track 66

Alloy

  • 800 5th Ave. N
  • Queen Anne
  • 68 Units + Retail | Coming Q1 2020

Clay

  • 600 E. Howell St.
  • Capitol Hill
  • 76 Units + Retail | Coming Spring 2020

Spuds

  • 6860 East Green Lake Way N
  • Green Lake
  • 88 Units + Retail | Coming Fall 2021

apartment overview

Key Benefits

  • – Diversify REIT income stream
  • – Add value through capital appreciation
  • – Build rental infrastructure to support loan REOs

Key Trends

  • – Housing demand due to population and job growth
  • – Millennials need housing and often want smaller, affordable units with high-quality finishes
  • – Land use policy present new opportunities from zoning changes

Key Characteristics

  • – Urban in-fill: Close to transit, shopping, and entertainment
  • – Affordable: Targeting 60-80% of area median income
  • – Multifamily Tax Exemption (MFTE) eligible
  • – High-quality finishes and common spaces
  • – No complex/high-cost construction