FPA Multifamily Acquires 111-Unit Northline Apartment In Seattle For $17.75M From RISE Properties Trust

The transaction involved a multi-family property located at 14355 Linden Avenue North in Seattle, WA. FPA Multifamily acquired the property, consisting of 111 units, from RISE Properties Trust for $17,750,000, resulting in a price per unit of $159,910.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $17,750,000
• Units: 111
• Price Per Unit: $159,910
• Buyer: FPA Multifamily
• Seller: RISE Properties Trust
• Brokers: Philip Assouad, Giovanni Napoli, Ryan Harmon, Nicholas Ruggiero & Anthony Palladino - Institutional Property Advisors

This transaction highlights the involvement of multiple brokers representing the buyer and seller, facilitating the acquisition process. The deal occurred on October 26, 2026, marking a significant transaction within Seattle’s Bitter Lake neighborhood.