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 News
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 […]
Seattle investor adds Issaquah complex to expanding portfolio
Timberlane expanded its portfolio with the acquisition of Vista Ridge in Issaquah.
Timberlane Partners Acquires 91-Unit Issaquah Apartments for $37M
Originally published: connectcre.com Seattle-based real estate investment firm Timberlane Partners has acquired the Vista Ridge, a 91-unit apartment complex in Issaquah, for $37 million. The 91-unit apartment complex at 201 Mountain Park Blvd. SW sold in a deal, with the sale price coming out to around $406,600 per unit, reported the Puget Sound Business Journal. The seller was Vancouver, British Columbia-based […]
Timberlane acquires 91 Issaquah units for $37M
Originally published: djc.com The Vista Ridge garden apartments in Issaquah, at 201 Mountain Park Blvd. S.W., sold last week for $37 million, according to King County records. The seller was Belkorp Holdings, a Canadian firm that under a different name acquired the property in 1996 for about $7.3 million. The buyer was TAF VR LLC, […]