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 […]