### Glennbrook Apartments in Lynnwood Sold for $20.6 Million
Glennbrook Apartments, an 80-unit multifamily property in Lynnwood, has been sold for $20.6 million.
Located at 3717 148th St. SW, the property was purchased by Glennbrook-Lynnwood LLC, an entity linked to Bellevue-based multifamily investor Curtis Capital Group, according to the *Puget Sound Business Journal*.
Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and secured the buyer. The IPA team facilitating the deal included Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero, and Anthony Palladino. The sales price reflects a significant increase, trading at more than three times the 2010 purchase price.
The 37-year-old complex, located near Lake Serene, was last acquired by Kirkland-based Weidner Apartment Homes for $6.8 million in 2010. The property comprises 24 one-bedroom and 56 two-bedroom units, totaling 64,300 square feet.
