Originally published: djc.com

BOULDER, Colo. — Based here in Seattle, Timberlane Partners is an active multifamily presence around the county. It announced its purchase this week, worth over $23.2 million, of a 41-unit townhouse rental property called Wonderland Creek Townhomes.

The complex is about nine years old, with units ranging from two- to three-bedrooms. It’s at 3701 Paseo del Prado, on the north side of town. Seller and broker weren’t named.

Timberlane’s Dave Enslow said in a statement, “Executing our second acquisition in Colorado reinforces our conviction in the market. We expect Colorado to remain a core focus, as we continue to build a high-performing regional portfolio.”

Its first foray into Colorado was in Denver, two years ago, with the purchase of a 105-unit property now dubbed Wrenmoor LoHi. Closer to home, and earlier this month, Timberlane paid $173 million for the 532-unit Jackson Apartments. The seller there was original developer Vulcan Real Estate.