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Japanese Investor Buys Seattle-Area Apartments for $40 Million

Tokyu Land Co. Teams Up With Canada's Rise Properties, Enters Strong Labor Market With Eye on Property Upgrades
Tokyu Land Co. paid $40.3 million for the Station Nine apartment complex in Lynnwood, Washington. (Michael Murphy/CoStar)
Tokyu Land Co. paid $40.3 million for the Station Nine apartment complex in Lynnwood, Washington. (Michael Murphy/CoStar)
CoStar News
April 25, 2022 | 9:32 P.M.

Canada’s Rise Properties Trust has expanded its joint venture with Tokyo-based Tokyu Land Co., selling to Tokyu’s U.S. subsidiary a majority interest in a multifamily property in Lynnwood, Washington.

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News | Japanese Investor Buys Seattle-Area Apartments for $40 Million