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 […]
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Timberlane Partners Acquires ‘Stack House’ in Seattle’s South Lake Union for $115MM
Originally published: news.theregistryps.com Seattle-based Timberlane Partners announced today that their closed-end private fund, Timberlane Acquisition Fund (TAF), along with an equity partner, has acquired Stack House Apartments and the Supply Laundry Building for $115 million (Ed. Note: $413,670 per unit gross, including the commercial property). According to King County records, J.P. Morgan bought Stack House in 2015 […]
Seattle multifamily company closes $100 million fund as market bumps along the bottom
Originally Published: bizjournals.com Seattle-based Timberlane Partners has announced the successful closure of its multifamily real estate investment fund with over $100 million in equity. Backed by ultra-high-net-worth investors, family offices, and RIA (registered investment adviser) firms, the Timberlane Acquisition Fund is building on the track record of Timberlane, which says it has delivered returns averaging […]
Timberlane Partners Closes First Multifamily Real Estate Investment Fund with More Than $100MM in Equity Commitments
Originally Published: The Registry Timberlane Partners today announced the successful closure of their multifamily real estate investment fund, TAF (Timberlane Acquisition Fund), with equity commitments surpassing $100 million. TAF represents a closed-end private real estate fund designed for the acquisition of institutional multi-family assets across the West Coast and Mountain West regions. The fund, backed […]
Timberlane Closes Fund with $100M in Equity Commitments
Originally Published: ConnectCRE Seattle-based Timberlane Partners has closed its multifamily real estate investment fund, Timberlane Acquisition Fund (TAF), with equity commitments surpassing $100 million. TAF represents a closed-end private real estate fund designed for the acquisition of institutional multi-family assets across the West Coast and Mountain West regions. The fund, backed by ultra-high-net-worth investors, family offices, and RIA […]
Sumner Mill Opening Celebration
Today we had an onsite celebration to recognize the team behind the brand new Sumner Mill Apartments! Thank you to The Rush Companies, Avenue5 Residential, & Casey + Dechant Architects for your hard work in bringing this project to fruition. Learn more about Sumner Mill: sumnermill.com
Los Angeles Design Stays to Visit in 2024
Originally Published: estliving.com Los Angeles is celebrated for its vibrant design scene, which fuses myriad influences – from old Hollywood glamour to Desert Modernism – and is home to a notable collection of design stays and boutique hotels. In this roundup, we explore four distinctive destinations, from an elevated motel in Silver Lake to a tranquil […]
Timberlane Partners, Rush Cos. Open Sumner Mills Apartments
Originally Published: ConnectCRE The Rush Companies and Timberlane Partners have recently completed the construction of Sumner Mill, a new 162-unit, three-story apartment complex. Timberlane Partners developed the 5.7-acre project, with nine buildings designed by Casey + DeChant Architects. Located at 5816 162nd Ave E, Sumner, Washington, Sumner Mill features 162 studio, one, and two-bedroom apartments. Developed on 5.7 […]
Sumner apartment complex opens to tenants
Originally Published: Puget Sound Business Journal Timberlane Partners has opened the first phase of Sumner Mills, a 162-unit apartment complex recently completed in east Sumner. The Seattle-based company says it’s already seeing strong lease-up activity. “We’ve seen significant leasing momentum, with the initial phase of the community already achieving 30% occupancy,” Jorden Mellergaard, development manager […]
Timberlane and Rush open 162 Sumner units
Originally published: Daily Journal of Commerce Rush Cos. announced that it recently completed the construction of Sumner Mill, a new 162-unit, three-story apartment complex at 5816 162nd Ave. E. in Pierce County . That’s a little east of downtown Sumner, and north of Highway 410. Timberlane Partners developed the 5.7-acre project, with nine buildings designed by Casey + […]