Thrive Communities
Rise Properties Sells 178-Unit 10th @ Hoyt in Portland’s Pearl District for $40.4MM
A California family office has bought a 2004 Pearl District apartment building from Rise Properties for about $227,000 per unit, roughly 46 percent...
RISE Properties Trust Affiliate Sells 366-Unit The Groves in Kent to FPA Multifamily for $72MM
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...
Rise Properties Trust Affiliate Sells 126-Unit Station Nine Apartments in Lynnwood for $34MM
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...
$11.1MM Loan Secured for 79-Unit Olympia Apartments
Thurston County's apartment vacancy rate just hit its highest point in a decade, yet a lender was still willing to write a 30-year,...
RISE Properties Trust Affiliate Sells 198-Unit Bower Village Apartments in Kent for $45MM
Kent Valley's apartment market draws fresh capital even as Kidder Mathews reports softening fundamentals region-wide. A Nevada investment firm has picked up a...
MG Properties Buys 344-Unit Dockside Apartments in Kent for $95.6MM
By The Registry Staff A large apartment complex in Kent has traded hands. The Dockside Apartments have sold for $95.6 million, or about...
RISE Properties Affiliate Closes $46.3MM Acquisition of Burien’s 146-Unit Desie Apartments
By The Registry Staff A real estate investment fund completed a sales transaction in the Puget Sound region recently. According to King County...
RISE Properties Trust Affiliate Buys 66-Unit Cierra Commons in Burien for $13.2MM
By The Registry Staff Cierra Commons, a 66-unit apartment complex in Burien has been sold for $13.2 million, or about $200,000 per unit,...
Nitze-Stagen Announces 195-Unit Trace 4001 Podium Topping-Out in Seattle’s Othello Neighborhood
Seattle developer Nitze-Stagen is constructing an eight-story affordable housing project at 4001 S. Willow Street, which will provide 195 apartment homes for low-...
Nitze-Stagen Announces Construction Start on 195-Unit Trace 4001 in Seattle
Keeping Othello Affordable with 195 Attainably Priced Units 50%-80% AMI Seattle, WA. – October 22, 2024 – Nitze-Stagen, the lead developer for Trace 4001,...
Nitze-Stagen Receives $19.1MM From Amazon Housing Equity Fund for 191-Unit Trace 4001 in Seattle
Bringing 191 Affordable Apartment and Loft Units to the Othello Neighborhood with support from the Amazon Housing Equity Fund Seattle, WA. – December...
RISE Properties Sells Artesia Apartments in Everett for $61.6MM
SEATTLE, WA — May 24th, 2023 — RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, today announced the sale of Artesia Apartments,...
