KeyBank has provided $32.16 million of Freddie Mac financing to facilitate the recapitalization of Woodcreek, a 164-unit apartment property in Lynnwood, Wash. RISE Properties Trust recapitalized the property in a deal valued at $54.88 million, or $334,634/unit, by bringing in new equity partners. The Vancouver, British Columbia, REIT had purchased the property in 2015 for […]

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