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.
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.
Timberlane seeks to be as transparent as possible on every deal, and we provide frequent, detailed, and realistic communications to our investors.
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 […]
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 […]
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 […]
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. […]
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 […]
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. […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
Check out the Daily Journal of Commerce’s feature on our current project in Sumner.
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.
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 […]
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!
We recently broke ground on a new five-story, 262-unit development in West Valley City, Utah. Read more.
Read more about our new office space in CHS Capitol Hill Seattle’s recent blog post.
Check out the feature on Palihouse Santa Barbara in the new Forbes roundup!
Check out Building Salt Lake’s article regarding the next skyscraper to join the downtown boom!
Check out the sweet mention of Palihouse Santa Barbara in FATHOM’s 2021 Hotel Openings.
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 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.
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.
Los Angeles based development and hospitality operating company Palisociety has introduced a recovery fund for boutique and independent hotels.
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 […]
With spring quickly approaching, the itch for travel may be hard to ignore. Though you might want to jump on a flight to your favorite vacation destination, you should also consider adding some new locations to your radar.
From chic bed-and-breakfasts to sprawling modern luxuries, these hotels are notable bright spots in a city filled with stars
The Silver Lake Pool & Inn is the result of a two-year face-lift that blends lived-in looks with modern updates.
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.
The century-old, converted warehouse offers many unique features, like tall ceilings, exposed brick, and a back loading dock that now serves as open patio space to the building’s tenants.
Botanica, which started as an online magazine in December, now has a restaurant and market in Silver Lake. [The Silver Lake Market property is a Timberlane-owned asset.]