Subscribe / Renew |
|
Contact Us |
|
► Subscribe to our Free Weekly Newsletter |
home | Welcome, sign in or click here to subscribe. | login |
print email to a friend reprints add to mydjc |
July 16, 2020
On the same day it announced the over $66 million acquisition of the Alto Apartments in Belltown, Rise Properties Trust also said it had in late June acquired the 120-unit Westwynd Apartments in Vancouver, Washington. That garden apartment complex, just west of Interstate 5 in the Starcrest neighborhood, traded for a little over $18.3 million. Public records indicate a loan from KeyBank. The seller, local entity Christensen Properties LLC, had acquired the complex in 2016 for $13.6 million. It was developed on nearly 5 acres in 1982. Both sales bring the Canadian REIT's local portfolio to about 4,453 units in 25 communities.