Timberlane Pays Nearly $83M for Canopy, with Its 336 SnoCo Units

Timberlane pays nearly $83M for Canopy, with its 336 SnoCo units

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.

Everett Canopy Apartments Sell for $82.75 Million

Timberlane Partners and EOS Residential bought Everett's 336-unit Canopy Apartments for $82.75M, betting on the city's jobs and housing shortage.

Timberlane Partners Purchases Canopy Apartments in Everett, Washington for $82.7M

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 firm’s $37 million purchase of Vista Ridge Apartments in Issaquah, Wash., in August. Buil…

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. Timberlane Partners has bought Canopy Apartments, a 336-unit garden-style community at 923 112th St. SW in Everett, for $82.75 million. The Seattle-based […] Thank you for your interest in The Registry. If you'd like to read furth…