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 hasn’t been detailed. And now a partner with the firm is Jake Leibsohn, most recently with Northmarq. Timberlane’s Dave Enslow said in a statement, “With the current real estate market cooling, we’re adding best-in-class strength to place us in the best possible position as the market recovers. This powerful team is primed to pursue new multifamily deals in the western U.S., and we’re excited to see what the future holds.” Timberlane also has an office in Los Angeles, where it’s also active. It’s also been investing in Salt Lake City.