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July 14, 2020

Rise Properties Trust adds Belltown tower to its Seattle-area portfolio

By BRIAN MILLER
Real Estate Editor

Photo by Richard Walker/Vecta Photo [enlarge]
Rise acquired the 17-story Alto Apartments for $66.5 million. It also purchased the nearby Joseph Arnold Lofts for $74.5 million last year.

The Alto Apartments, at 311 Cedar St. in Belltown, have sold for almost $66.5 million, according to King County records. The seller was 311 Cedar Street LLC, an entity of Hartz Mountain Industries of New Jersey, which acquired the property in 2013 for about $62.3 million.


 
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