Rise, Aegon Real Assets Buy Two Multifamily Properties in Metro Seattle Totaling $161.3M


Located in Everett, Wash., Colby Creek Apartments features 336 for-rent residential units.

KENT AND EVERETT, WASH. — Rise Properties Trust and Aegon Real Assets have purchased two multifamily assets located in metro Seattle totaling $161.3 million.

The joint venture acquired the 366-unit Mosaic Hills Apartments in Kent for $81 million and the 336-unit Colby Creek Apartments in Everett for $80.3 million. These transactions conclude more than $300 million of Seattle-area acquisitions for the joint venture in 2019.

Seattle-based Thrive Communities will manage the properties. Including Mosaic Hills Apartments and Colby Creek Apartments, RISE owns approximately 4,000 units across 22 multifamily properties in the Pacific Northwest.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News