Thrive Expands to Federal Way with the Addition of Waterbury Park

Thrive welcomed our first Federal Way community this past week! A sprawling, landscaped property close to Celebration Park and the Federal Way Commons, Waterbury adds 236 units to the Thrive portfolio with indoor/outdoor pools, a hot tub, fitness center, basketball court, pet park and more. Exciting renovation projects are planned both for unit interiors and amenity spaces, with even more value to be added when a new Light Rail station arrives in 2024.

Thanks to all who helped with the transition, especially to Lia and McKenna, our established Thrivers who are now running the leasing show! 🙌🥂🌱

Thrive Enters Kent, WA Market with Management and Renovation of 345-Home Community

We are excited to welcome Waterford at the Lakes to the Thrive family! A recent RISE acquisition, the community is situated on 16.85 acres and includes over 30 individual buildings. Waterford’s renovation will begin almost immediately with improvements being made throughout the property that will positively impact residents from day one.

Our transition team ensured that the change in management, even occurring on the final day of the month (May 31), was seamless for residents and team members alike with a new website launched and online pay/resident portal live before midday. You can view the new website at

The RISE purchase was also covered in the city’s local newspaper, the Kent Reporter, on the day of the transition.

Waterford is the first of three properties in Kent to transition to Thrive before mid-June this year, as we continue to grow our presence south of Seattle.

Thrive Expands into New Market in Hillsboro Oregon!

On January 30th, Thrive Communities will have expanded our presence into Hillsboro, a neighboring city of Portland, Oregon, providing property management and renovation services for a longtime valued partner at the Landmark at Tanasbourne Apartments - a 285-unit community.

“We combine peerless presentation with an owners-mindset at every community we manage to ensure each asset is operating at its full potential,” said Rose O’Dell, president of Thrive Communities. “We are excited to provide our boutique-at-scale property management services to our existing clients along with new ownership groups active in the Portland Metro Area as we continue to expand into Oregon.”

Thrive was built on the foundation of beautiful and efficient value-add renovation projects with an exceptional team that manages high quality assets., We’re thrilled to enter into a new market on the foundational quality that Thrive Communities is known for! The below images showcase recent Thrive projects in Seattle and Everett - The Eden and Artesia Apartments, respectively.

This new growth leads to an expanded team with new career opportunities. If you are interested in joining the first team of Thrivers in Oregon, visit our careers page HERE.

Thrive Teams Up with Grosvenor Americas

With Grosvenor Americas’ newest acquisition, Thrive is proud to welcome Union Park Apartments into our portfolio of managed communities. The Registry highlighted the acquisition, stating, “The unbeatable location to Downtown Seattle and owner-managed asset quality of Union Park attracted both local and international buyer groups.” Thrive is a longtime partner of Grosvenor Americas, spanning seven years and resulting in more than 2,573 units managed.

This 6-story community was built in 1990 and includes studios, one- and two-bedroom units ranging from 574 to 914 square feet. Union Park Apartments is a controlled access community, equipped with a fitness center, elevator and parking garage — making life a little more convenient for residents and guests.

Located at 1310 Minor Ave., steps from Seattle’s Capitol Hill neighborhood, Union Park offers easy access to Pike Place Market, Seattle Symphony Orchestra Hall, Washington State Convention Center, Paramount Theater, I-5 and more. With a Walk Score of 98, it’s time to love where you live.

For more information or to schedule a tour, please visit our website.

One final big shout out to our Thrive Transition Team who made all this possible! And a special congratulations to Grosvenor on their newest asset!