FPA Multifamily Buys Northline Apartments in Seattle

Reported Oct 26, 2026 · Source: YieldPro

Source: YieldProRead the full report at YieldPro ↗

Deal details

Buyer
FPA Multifamily
Seller
Rise Properties Trust
Price
$17.75M
Size
111 units
Price per unit
$159,910 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Seattle (Downtown / Capitol Hill / North Seattle)
Metro
Seattle
Reported date
Oct 26, 2026

Summary

Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero, and Anthony Palladino of IPA represented the seller, Rise Properties Trust, and procured the buyer, FPA Multifamily. The asset traded for $17.75 million, or $159,910 per unit. Source: YieldPro.

Summarized from the article; the quoted lines below are from the article itself.

Source: YieldPro

Read the full report at YieldPro. What the article says:

  • Deal
    Institutional Property Advisors Brokers North Seattle Multifamily Asset Sale Northline Apartments Seattle Washington
  • Deal / Size
    Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced the sale of Northline, a 111-unit multifamily property in Seattle, Washington.
  • Price
    The asset traded for $17.75 million, or $159,910 per unit.
  • Buyer / Seller
    Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero, and Anthony Palladino of IPA represented the seller, Rise Properties Trust, and procured the buyer, FPA Multifamily.

Article date: 2026-10-26T17:37:30+00:00

Frequently asked questions

Who bought Northline Apartments?
FPA Multifamily bought Northline Apartments in Seattle, according to YieldPro.
How much did Northline Apartments sell for?
The reported price is $17.75M, per YieldPro.
Who sold Northline Apartments?
The seller was Rise Properties Trust, per YieldPro.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.