Mosaic Hills is at 10811 SE 239th Place<\/a>.<\/p>\n“In unique ways, both properties are very well positioned for our company to execute on strategic capital investments and operational improvements,” Rise investment manager Beau Madsen said. “Through the execution of our business plans, we are eager to add value to the surrounding communities, the resident experience and our investors.”<\/p>\n
Earlier this year, Rise purchased two other Kent apartment complexes, Bryson Square for $43 million and Waterford at the Lakes for $83.2 million. Byrson Square is just south of Mosaic Hills.<\/p>\n
“Aegon and Rise have worked closely throughout the year to acquire five properties together in the Seattle region,” Rise President Barrett Sigmund said. “Our success showcases our commitment to the Pacific Northwest and is the result of a shared vision of maintaining and improving apartment communities in our region. We are excited to welcome these properties to our real estate portfolio.”<\/p>\n
Including Mosaic Hills Apartments and Colby Creek Apartments, Rise owns approximately 4,000 units across 22 multifamily properties in the Pacific Northwest.<\/p>\n
The property will be managed by Thrive Communities, a Seattle-based property management firm with approximately 12,500 apartments under management.<\/p>\n","protected":false},"excerpt":{"rendered":"
Third purchase this year of Kent apartment complexes by Rise Properties Trust <\/p>\n","protected":false},"author":106,"featured_media":43261,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,9],"tags":[],"yst_prominent_words":[],"class_list":["post-43260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-home"],"_links":{"self":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/43260"}],"collection":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=43260"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/43260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media\/43261"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=43260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=43260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=43260"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=43260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}