Cumberland Holdings acquired the Waterline Apartments on December 14, 2021.  Waterline is a 6-story luxury midrise building built in 2015 with 220 apartment units and 40,000 square feet of commercial.

 

Waterline is located in downtown Everett, WA.  The property has two levels of underground parking, secured access, a roof deck, fitness center, clubhouse, full-size washer and dryers, and some of the best views in the submarket.  Waterline has a 92 Walk Score (Walker’s Paradise) and is also proximate to Boeing’s Everett Factory, Naval Station Everett, & Providence Regional Medical Center.

 

Affinity group will provide third-party property management services.

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Property website: https://www.thewaterlineapts.com/