The Seattle-Tacoma metropolitan statistical area (MSA) is the 15th largest in the United States. The population for the Greater Seattle area is approximately 3.3 million. The economy remains one of the strongest in the nation, as employment increased 2.7% in 2007. The region's industries include aerospace, information technology, biotechnology and international trade. Because of the strength of the economy, the housing market continues to benefit from strong demand.

Grosvenor is focused on acquiring and redeveloping residential apartment communities, as well as mezzanine level lending in the Greater Seattle area.