Timberlane Partners

An Institutional
Approach to Real Estate
Entrepreneurship

An Institutional
Approach to
Real Estate
Entrepreneurship

The Timberlane Difference

Thoughtful Investing

A Nimble, Flexible Approach

Timberlane has built a track record of forward-looking investing, leveraging markets as they evolve. This has allowed us to deliver strong returns across a variety of economic climates, primarily through value-added strategies with multi-family and mixed-use product, but also with new construction, commercial, and hospitality projects.

Risk-Reward Assessment

Understanding Risk

Timberlane evaluates each deal with a keen appreciation of risk vs. reward. Our offerings range from highly stabilized cash-flowing properties to out-of-the-ground construction, and returns vary accordingly.

Open-Book Investing

Transparency

Timberlane seeks to be as transparent as possible on every deal, and we provide frequent, detailed, and realistic communications to our investors.

Portfolio Highlights

About Us

Founded in 2011, Timberlane Partners is a Seattle-based real estate investment, development, and asset management company with a focus on multifamily real estate. The firm, led by Dave Enslow and John Chaffetz , acquires, improves, and manages properties with a focus on providing superior returns to their capital partners and investing in compelling projects.

Timberlane has acquired and built more than $1 billion worth of assets in key markets along the West Coast and Mountain West regions of the US. The firm’s rigorous approach to investing is designed to deliver outsized returns without taking outsized risks. Timberlane prides itself on being a responsible steward of investor capital.

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Timberlane News

Joint Venture Adds to Seattle Portfolio Through Discounted Apartment Acquisition

Originally published: CoStar A joint venture bought its second Seattle apartment complex in less than two months at a discount as investors capitalize on a sales slowdown that has shaken up property values. Seattle-based Timberlane Partners’ acquisition fund and Stars REI, based in Chile, paid $55 million, or about $334,000 per unit, for the 166-unit […]

Timberlane Partners, STARS REI Acquire Ballard MF for $55M

Originally published: ConnectCRE A joint venture between Timberlane’s Acquisition Fund and STARS REI purchased the Koi apartments, a six-story, 166-unit building in the Ballard district of Seattle for $55.5 million. The transaction, which equates to approximately $334,000 per unit, represents the joint venture’s second Ballard acquisition in the past two months, following The Wilcox. JLL’s Senior Managing Directors David Young and […]

Ballard multifamily asset trades for well below replacement cost

Originally published: Puget Sound Business Journal A joint venture of Timberlane Partners and STARS REI is the new owner of Ballard’s Koi Apartments, a 166-unit asset at 1139 NW Market St. The $55.5 million price is well below replacement cost, and $1.5 million less than what the then newly opened six-story property sold for 10 years […]

Timberlane pays over $55M for 166 Ballard units

Originally published: Daily Journal of Commerce The Koi Apartments, at 1139 N.W. Market St., sold this week for a little over $55.4 million, according to King County records. The seller was HLI Koi LLC, a REIT managed by CBRE, which acquired the property in 2014 for $57 million. That represents a small but not terrible loss. […]

Timberlane Partners Buys 132-Unit Multifamily Community in Seattle for $45.2MM

Originally published: news.theregistryps.com An apartment complex in Seattle’s Ballard neighborhood traded hands recently at a loss for the seller. The Wilcox was purchased by an entity affiliated with Timberlane Partners for $45.2 million, or approximately $342,045 per unit, according to King County public records. The seller was an entity affiliated with J.P. Morgan.  Located at […]

Ballard apartment building sells for less than it did in 2018

Originally published: bizjournals.com The Wilcox apartment building in Ballard traded for $45.2 million in a deal recorded Thursday by King County. The 132-unit, 144,000-square-foot building is at 2003 NW 57th St. The buyers are a joint venture between Seattle-based Timberlane Partners’ acquisition fund TAF and Santiago, Chile-based Stars REI. The seller is affiliated with J.P. […]

West Coast Cities Slam Brakes on Housing Production Amid Worsening Crisis

Originally published: costar.comJack Witthaus, Katie Burke, Randyl Drummer and Lou Hirsh Up and down the West Coast apartment construction sites are falling quiet despite high demand in a worsening housing shortage. Fewer multifamily projects have broken ground this year from Seattle to San Diego in one of the slowest starts to apartment construction in a […]

Amazon asks some workers to relocate as return-to-office push continues

Originally published: bizjournals.comAlex Halverson Less than three months after Amazon.com Inc. (Nasdaq: AMZN) enacted its return-to-office guidelines, the company is asking some employees to relocate to certain hubs so they can be closer to their teams. Amazon set May 1 as the date when employees would be expected to return to the office at least […]

Seattle lands No. 2 spot as best North America market for tech talent

Originally published: bizjournals.comCassidy Ritter A new report ranked Seattle as the No. 2 market in North America for tech talent, placing the city in the same spot it was last year. This ranking from CBRE’s Scoring Tech Talent report looks at the top 50 North American markets and their ability to attract and develop tech talent. It […]

Seattle’s Timberlane Partners Lands Top-Producing Real Estate Veteran From CBRE, Key Leaders From Northmarq and Security Properties

Originally published: costar.com Multifamily real estate company Timberlane Partners hired a top producer from CBRE and two other real estate executives to help with its West Coast expansion, even as apartment sales slow in the region. Timberlane Partners, an alternative investment manager based in Seattle that is focused on buying and developing multifamily properties, hired Jon Hallgrimson, […]

Seattle real estate investment company lures heavy hitter from CBRE

Originally published: bizjournals.com Multifamily investment company Timberlane Partners last week announced JonHallgrimson is one of the Seattle company’s new directors of acquisitions. Previously with CBRE, Hallgrimson is 35-year industry veteran who has brokered over $27 billion in deals. He started working at Timberlane on May 15. His appointment, along with two other key hires earlier […]

“Little Tuscany” Multifamily Asset Acquired by Timberlane Partners in Olympia for $37M

Originally published: connectcre.com Timberlane Partners, a leading Seattle real estate investment manager, purchased the 143-unit three-story multifamily building known as Little Tuscany from Fern Street Partners LLC dba Commercial Property Services Inc. Situated in Olympia’s South Westside neighborhood, the building occupies a 5.8-acre plot, including studios, multi-bedroom and townhome-style apartments. The $37-million purchase represents a […]

Timberlane Partners Acquires 143-Unit ‘Little Tuscany’ Apartment Building in Olympia for $37MM

Originally published: news.theregistryps.com Acquisition of 143-Unit Apartment Building in South Westside Neighborhood Marks Company’s First Purchase for New Timberlane Acquisition Fund Seattle, WA, June 1, 2023 — Timberlane Partners, a leading real estate investment manager based in Seattle, today announced their purchase of Little Tuscany apartments from Fern Street Partners LLC dba Commercial Property Services […]

Timberlane Partners Announces Three New Hires

Originally published: djc.com Timberlane Partners recently announced three new hires. Exiting CBRE is Jon Hallgrimson, who’ll become director of acquisitions. With the same title is Tad Johnson, who makes the move from Security Properties. Both are veterans in the multifamily sector, and both will be spending from a new acquisition fund, the size of which […]

Timberlane Partners Launches Acquisition Fund, Makes Key Hires

Originally published: connectcre.com Seattle-based real estate investment manager Timberlane Partners expanded its leadership team with three key executive hires. The new hires coincide with the firm’s launch of Timberlane Acquisition Fund, a product targeting institutional assets and designed to capitalize on the current disruption in commercial real estate markets in key Western states.  “We have […]

Seattle is once again the fastest-growing big city, census data shows

Originally published: seattletimes.comGene Balk Turns out, even a pandemic can’t keep Seattle down for long. Data released Thursday by the U.S. Census Bureau shows the boom times aren’t over just yet: Seattle just reclaimed its title as the fastest-growing big city in the U.S. From July 1, 2021, to July 1, 2022, Seattle had a net gain […]

Inaugural Timberlane Advance

The Timberlane Team came together last week for our inaugural Timberlane Advance. In addition to using this time to connect and build upon our company culture, we also aligned ourselves on a set of key principles, the company’s vision, and opportunities for improvement and growth. Thank you to Russell Benaroya for leading us and The Lodge at St. […]

Palihouse West Hollywood Opens Its Doors

The doors are officially open at the all-new Palihouse West Hollywood! The property is one of the newest additions to Timberlane’s growing portfolio of boutique hotels. Join us in celebrating the completion of this “reincarnation and reimagination” of Palisociety’s first hotel.

Orca Vibes Mural Meditation

With the installment of the smart-plaque, made by PixelStix, which allows viewers to further engage with the mural, we are excited to share that Orca Vibes is the first mural on the West Coast to feature a mural meditation, and only the 6th in the country! Thank you to composer, Nate Connelly, as well as the […]

New Office Mural – Angelina Villalobos

Our new office had a canvas that couldn’t wait to celebrate the beauty of the PNW! Thank you Angelina Villalobos for sharing your talents with us. Check out her portfolio!

Travel & Leisure Magazine Loves Palihouse Santa Barbara

Palisociety’s most recent addition is seeing great press for its redesign. Travel & Leisure Magazine called this fresh take on the interior – “Gorgeous! Can’t wait till I can get there myself!”. Check out the model in our portfolio now.

The Morton is 2020 BEST Award Winner of IIDA’s Intermountain Chapter

The Morton multi-family residence takes home this year’s BEST Award from the Commercial Interior Design Association. With the AJC Architects team’s vision and Timberlane’s execution, this property went from good to gold. We are proud to provide residential spaces that are tasteful as well as efficient to the community of Salt Lake City.

Palisociety Broadens The Meaning of Bespoke

The word “bespoke” conjures up images of intimacy and a high degree of detail. Can it also be used to define a hotel group that’s in the midst of a significant expansion? Palisociety is rising to that challenge.

Palisociety Launches Recovery Fund

In direct response to the COVID-19 pandemic’s effect on the hospitality industry worldwide, Palisociety has launched the Boutique and Independent Hotel Recovery Fund, designed to provide sub-100-key independent hotels with relief and recovery capital and direct access to the brand’s operational infrastructure and shared services platform to stabilize hotel operations, mitigate further operational losses during […]

Which Locations Are Drawing FinTech Companies?

In recent years, Salt Lake City has harnessed a strong mix of low costs, millennial magnetism, and tech expertise to spur significant growth — both demographically and economically.

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