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Sign in Sign up for a FREE subscriptionRISE Properties Trust and Westbrook Partners pay $66m for Seattle apartment
A joint venture between RISE Properties Trust and Westbrook Partners has finalized the $66.5 million acquisition of Alto Apartments, a 185-unit multifamily community in Seattle, according to media outlets.
Hartz Mountain Industries sold the property.
Located at 311 Cedar St. in Seattle’s Belltown neighborhood, the 17-story building opened its doors in 2012 and has one- and two-bedroom floorplans ranging from 508 square feet to 1,025 square feet.
