Canadian, Japanese Investors Claim Puget Sound MF for $100M

Canadian REIT Rise Properties Trust and Tokyu Land US Corp. acquired Alaire Apartment Homes, a 357-unit multifamily community in Renton, WA, 11 miles south of Seattle. Pacific Urban Residential divested the asset for $97.5 million., and Colliers International’s Dave Schumacher. Tokyu Land US Corp. is a subsidiary of the publicly- traded, Tokyo-based, Tokyu Land Corporation.

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