RISE Properties & Tokyu Land Buy Renton Apartment Complex for $97.5MM

The Registry Puget Sound Real Estate

Posted In — News & Press | In the News

RISE Properties is at it again. After making three sizable apartment community acquisitions in the Puget Sound region this year, the company just invested nearly $100 million to acquire the Alaire Apartment Homes in Renton from Palo Alto, Calif.-based Pacific Urban Residential. RISE spent $97.5 million, or just over $273,109 per unit, for the 357-unit community located at 611 SW Fifth Ct. The property was purchased in partnership with Tokyu Land US Corporation.

For the full story, go to the The Registry Puget Sound Real Estate.

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