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August 12, 2022
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PACIFIC NORTHWEST NEWS
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RISE Properties Trust and Tokyu Land US Corporation Pick Up 252-Unit Seattle Res Property

7/21/22

In a recent Seattle multifamily buy, RISE Properties Trust and Tokyu Land US Corporation have purchased Park South Apartments, a 252-unit complex in the city’s South Park neighborhood. The price was not given out.

Located at 10102 8th Avenue S in Seattle, Park South Apartments includes in-unit washer and dryers, newly renovated interiors, wood-burning fireplaces and modern appliances. The property also has a community pool, fitness center, business center, and clubhouse with games and outdoor entertainment area.

Park South Apartments is minutes away from the Seattle-Tacoma International Airport, with access to community walking trails and nearby Highway 99, I-5 and State Route 509.

Eli Hanacek, Jon Hallgrimson, Mark Washington and Kyle Yamamoto of CBRE’s multifamily team in Seattle represented the seller, Jackson Square Properties.

“Seattle has one of the most competitive housing markets and Park South Apartments presented a unique opportunity for the clients. Its proximity to downtown Seattle, expansive amenities and opportunities in South Park made the community an attractive value-add to our client’s investment portfolio,” commented Hanacek.




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