Built in 2016, mixed-use residential Modera is located within a five-mile radius of downtown.
SEATTLE—RISE Properties Trust, a Canadian-based real estate trust, and Cigna Investment Management recently purchased mixed-use residential building, Modera Capitol Hill, as the first joint venture between the companies. With the acquisition of Modera, RISE now owns a total of 12 assets in the Puget Sound region.
“Modera has an A+ location—right in the center of the bustling retail, dining and nightlife hub of Seattle in Capitol Hill,” said Barrett Sigmund, president at RISE. “Modera is already a WHFHA award-winning building and, as its new owners, we want to further enhance our residents' living experience with technology upgrades and by transitioning property management to Thrive Communities. We believe the location, product, boutique living experience and best-in-class management will be a winning combination.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
