RISE Properties Trust has paid $73.5 million, or $329,596/unit, for the 223-unit Saddlebrook apartment property in the Seattle suburb of Des Moines, Wash. The Vancouver, British Columbia, REIT purchased the property from FSC Realty LLC, which was represented by Berkadia. The brokerage originated a $40.71 million Freddie Mac loan for the purchase. The 10-year mortgage […]

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