Originally published: bizjournals.com An Everett apartment complex near the Boeing factory has changed hands for $82.75 million. Seattle-based Timberlane Partners bought the 336-unit Canopy Apartments at 811 112th St. SW, according to a bargain and sale deed Snohomish County recorded Nov. 4. EOS Residential Investors, an investment firm headquartered in New York, joined the deal […]
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Timberlane Partners Spends $83M on WA Multifamily Community
Originally published: connectcre.com Timberlane Partners purchased Canopy Apartments, a 336-unit garden-style apartment community located at 923 112th St. SW in Everett, WA, for $82.75M, or $246,279 per unit. The acquisition was made in partnership with NY-based EOS Residential Investors. Canopy is the sixth acquisition through Timberlane Acquisition Fund II (TAF II) and follows the firm’s $37M acquisition […]
Everett “strong fundamentals” cited in $82.7 million apartment complex deal
Originally published: everettpost.com EVERETT– A Seattle real estate investment firm says “Everett’s strong fundamentals” propelled its decision to ink an $82.7 million deal to buy Canopy Apartments, a 336-unit complex on 112th Street SW. Timberlane Partners acquired the 16-acre property of one-, two-, and three-bedroom units in between Evergreen Way and Mariner High School, which […]
Everett’s Canopy Apartments Sell for $82.75M as Investors Bet on 336 Units
Originally published: hoodline.com Everett’s 336-unit Canopy Apartments has sold for $82.75 million, changing hands in a deal that pairs a Seattle-based investment firm with a New York partner betting on the city’s job market and tight apartment supply. The 20-building community at 923 112th St. SW spans nearly 16 acres and was built in two […]
Timberlane pays nearly $83M for Canopy, with its 336 SnoCo units
Originally published: djc.com The Canopy garden apartments, at 923 112th St. S.W., sold in late October for just over $82.7 million, according to Snohomish County records. The seller was Colby Creek LP, associated with Canadian firm Rise Properties Trust, which acquired the property in 2019 for about $80.3 million. The buyer was local shop Timberlane […]
Timberlane Partners Purchases Canopy Apartments in Everett, Washington for $82.7M
Originally published: rebusinessonline.com EVERETT, WASH. — Seattle-based Timberlane Partners, in partnership with New York-based EOS Residential Investors, has purchased Canopy Apartments, a multifamily community located at 923 112th St. S.W. in Everett, for $82.7 million. The name of the seller was not released. Canopy is the sixth acquisition through Timberlane Acquisition Fund II and follows the […]
Timberlane Partners Pays $83M for Seattle-Area Apartments
The asset last traded in 2019, seeing upgrades since.
Everett’s 336-Unit Canopy Apartments Sell for $82.75M
Originally published: 425business.com Timberlane Partners, a Seattle-based alternative-investment manager focused on multifamily real estate, announced today that it has purchased a 336-unit garden-style apartment community in Everett for $82.75 million. Timberlane acquired the Canopy Apartments, located at 923 112th St. SW, in partnership with EOS Residential Investors, a New York-based investment firm. Canopy is the sixth acquisition […]
Timberlane Partners Buys 336-Unit Canopy Apartments in Everett for $82.75MM
A Seattle multifamily investor has paid about $246,000 per unit for a renovated garden-style apartment community in south Everett, betting on the city’s employment base and a lack of new apartment construction nearby.
Seattle Community Changes Hands for $37M
Originally published: multihousingnews.com The property last traded nearly 30 years ago. Timberlane Partners has acquired Vista Ridge, a 91-unit community in Issaquah, Wash., for $37 million, according to Yardi Matrix. Mesa West Capital provided a $27 million loan for the acquisition and renovation of the property. Belkorp Holdings sold the eight-building community after almost 30 […]