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Seattle & Northwest  + Seattle  + Apartments  |  March 6, 2025
Jasmine Kilman
By: Jasmine Kilman

IPA Arranges Sale of $35M Everett Apartment Property

Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Sunrise Lane, a multifamily property in Everett.

Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the seller and procured the buyer in the transaction.

“Sunrise Lane presents an exceptional opportunity for the buyers to transform and modernize the units,” said Philip Assouad, IPA executive director. “Meticulously maintained by the previous long-term owner, the property is primed for a value-add repositioning with units in classic condition ready for a stylish upgrade.”

Weidner Apartment Homes sold the asset to an undisclosed buyer for $35.1 million, or $268,130 per unit. Built in 2000 on six acres, Sunrise Lane is a gated community that offers a mix of one-, two- and three-bedroom apartments. The property offers a clubhouse, swimming pool, spa and barbecue areas.

Read More News Stories About: Marcus & Millichap
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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