# Timberlane Acquires Seattle Apartments for $83M

> Timberlane Partners buys 336-unit Seattle-area apartment complex for $82.8 million amid tight supply.
- Title: Timberlane Acquires Seattle Apartments for $83M | Shortify
- Summary: Timberlane Partners buys 336-unit Seattle-area apartment complex for $82.8 million amid tight supply.
- Keywords: timberlane partners, canopy apartments, puget sound, seattle, boeing, rise properties trust, multifamily investment, apartment purchase, real estate, The Real Deal
- Source: The Real Deal — https://therealdeal.com/national/seattle/2026/11/11/timberlane-buys-apartments-near-seattle-for-83-million
- Author: TRD Staff
- Published: 2026-11-11T16:01:21+00:00
- Read time: 1 min
- Topics: timberlane partners, canopy apartments, puget sound, seattle, boeing, rise properties trust, multifamily investment, apartment purchase, real estate, business
## Timberlane Partners Acquires Property
Timberlane Partners bought 336-unit Canopy Apartments near Boeing for $82.8 million.
## Seller and Capital Partners
Rise Properties Trust sold the property for $80.3 million in 2019, with EOS Residential Investors and LaSalle Investment Management as partners.
## Tight Supply in Puget Sound
The Northend market has 94.9% occupancy and only 642 units under construction, limiting new supply.
## Key takeaway

Timberlane Partners acquired 336 units of Canopy Apartments near Boeing for $82.8 million as supply remains constrained in the Puget Sound region.