Home Finance RISE Properties Trust Affiliate Sells 366-Unit The Groves in Kent to FPA Multifamily for $72MM
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RISE Properties Trust Affiliate Sells 366-Unit The Groves in Kent to FPA Multifamily for $72MM

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Apartment building with a pink background
Photo by Simone Hutsch on Unsplash
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San Francisco-based FPA Multifamily picked up the 1980-built complex for about $196,700 per unit, in line with recent South King County sales and about 29 percent below the regional average. The seller had renovated about 68 percent of the units since 2019. An entity affiliated with RISE Properties Trust has sold The Groves Apartments, a 366-unit […]

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