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Home Finance Rise Properties Trust Affiliate Sells 126-Unit Station Nine Apartments in Lynnwood for $34MM
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Rise Properties Trust Affiliate Sells 126-Unit Station Nine Apartments in Lynnwood for $34MM

August 19, 20263 Mins read385
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Photo by Alek Kalinowski on Unsplash
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Station 9, LLC bought the 126-unit Lynnwood complex from a Rise Properties Trust affiliate for roughly $269,841 per unit, betting that unrenovated units and a nearby light rail connection still have room to drive rents higher. A 1980s-era apartment complex a short walk from Snohomish County's newest light rail station has changed hands for $34 […]

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