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August 20, 2020

Rise Properties pays $33.6M for 117 Interbay apartments

By BRIAN MILLER
Real Estate Editor

Photo by http://www.theflatsatinterbay.com [enlarge]
The Flats at Interbay was one of the first multifamily projects to follow the 2008 rezone of that area.

The Flats at Interbay, at 3036 16th Ave. W., has sold for a bit over $33.6 million, according to King County records. The buyer was Flats at Interbay LP, which is associated with Rise Properties Trust. Public records indicate the assumption of a $21.4 million loan from Fannie Mae, arranged through Walker & Dunlap.


 
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