The Seattle-based firm faced competition to secure the property, where it plans a light renovation.
jake@timberlanepartners.com
This Week’s Denver Deal Sheet
Originally published: bisnow.com A 105-unit building in Denver’s Lower Highland neighborhood reportedly sold for $40.5M. The Denver Business Journal reported that Seattle-based Timberlane Partners purchased the building at 2828 Zuni St. on Aug. 30. In 2015 the building was sold to an institutional investor for $32M. This latest purchase was via Timberlane Acquisition Fund, the firm’s closed-end real […]
CRE veteran joins Seattle multifamily company as development director
Originally published: bizjournals.com PJ Santos on Monday posted on LinkedIn that he is the new senior managing director of development at Seattle-based Timberlane Partners. Santos, who has worked in commercial real estate in the Seattle region for 25 years, previously was senior managing director of development and acquisitions at Gemdale USA Corp. This spring, Gemdale closed offices […]
Seattle developer makes its first Denver purchase as multifamily market simmers
Dried-up construction pipeline, persistent demand are expected to drive future rent growth
Seattle company acquires Denver apartment building for $40.5M
A Seattle-based fund manager purchased this apartment building for $386,000 per unit.
Metro Moves: Seattle firm buys first Denver property in LoHi for $40M
Denver’s LoHi upscale apartment complex 2828 Zuni sold for $40.5 million, Timberlane Partners announced Sept. 3, 2024.
Timberlane Pays $386K-Unit for Denver Apartments
Originally published: connectcre.com Timberlane Partners acquired 2828 Zuni, an apartment community in Denver’s LoHi neighborhood, through its closed-end multi-family fund, Timberlane Acquisition Fund. The property was acquired for $40.5 million, equating to $386,000 per unit. Canwest developed the project in 2013, and the Mulhern Group was the architect. Built in 2014, 2828 Zuni features 105 upscale […]
What’s new on Salt Lake City’s skyline? Check out this 31-story apartment tower.
The Worthington Residences offers a mix of high-end units for individuals and families.
Property in Seattle Near Amazon Headquarters Trades at Double-Digit Discount
Originally published: costar.com A multifamily investor bought an office and apartment property in Seattle’s South Lake Union at a discount in what appears to be the region’s biggest commercial property sale of the year ranked by price. Timberlane Partners, one of the most active apartment investors in the Pacific Northwest over the past year, bought […]
Full-block South Lake Union property sells at 25% discount
Originally published: bizjournals.com A South Lake Union apartment and office property partially leased to Amazon has sold for $115 million in an off-market deal, buyer Timberlane Partners said Wednesday. The price is around a quarter less than the property’s assessed value of nearly $154 million, and about $35 million less than what project developer Vulcan Real Estate sold […]