At a Discount, Rise Sells 366 Kent Units for $72M

At a discount, Rise sells 366 Kent units for $72M

A Kent garden apartment complex, at 10811 S.E. 239th Place, sold this week for $72 million, according to King County records.

Rise Properties Trust Affiliate Sells 366-Unit The Groves in Kent to Trinity Affiliate for $72MM

Trinity Property Consultants, which manages about 45,000 units nationwide, picked up the former Mosaic Hills apartments for about $196,700 per unit. That is in line with recent South King County sales and about 29 percent below the regional average. An entity affiliated with Rise Properties Trust has sold The Groves Apartments, a 366-unit complex in Kent, […]