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Seattle & Northwest  + Apartments  | 

Rise Properties Trust Claims Belltown MF Tower

Seattle-based Rise Properties Trust purchased Alto Apartments, a 17-story, 184-unit high rise in Seattle’s Belltown neighborhood, reportedly from a Hartz Mountain Industries affiliate for nearly $66.5 million. The Canadian real estate trust also acquired Westwynd Apartments, a 120-unit community in Vancouver, WA.

Alto was constructed in 2012 and features a mix of urban, one- and two-bedroom units, a fitness center, underground garage parking, and a scenic 360-degree rooftop deck and lounge. Alto is located at 311 Cedar St. a few blocks from Amazon’s world HQ and the newly announced Climate Pledge Arena, as well as near the CBD, Seattle Center, Olympic Sculpture Park, the downtown waterfront, and a Metro RapidRide transit stop.

The Westwynd Apartments was built in 1982 and features large one- and two-bedroom units with in-home washers and dryers, ceiling fans and large closets.

Rise’s Barrett Sigmund says, “… both assets were secured at a very favorable basis and offer significant investment upside to our investors from both capital and operational improvements.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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