Originally published: theregistryps.com Seattle continues to draw multifamily investors to its offerings. In a recent deal, Timberlane Partners, one of the Pacific Northwest’s most active multifamily investors, has completed its largest acquisition in the company’s 14-year history, paying $173 million, or approximately $325,187 per unit, for the 532-unit Jackson Apartments in Seattle’s Central District, according […]
Acquisitions
PCCP JV Pays $173M for Seattle Community
Originally published: multihousingnews.com A joint venture between Timberlane Partners and PCCP has paid $173 million for Jackson Apartments, a 532-unit Seattle community within the city’s Central District. Vulcan Real Estate sold the asset. The buyers closed the transaction through Timberlane Acquisition Fund II, a closed-end private acquisition fund. The asset came online in 2020, with […]
Seattle company buys 532-unit Jackson Apartments from Vulcan Real Estate
Originally published: bizjournals.com One of the Pacific Northwest’s most active multifamily investors, Seattle-based Timberlane Partners, on Tuesday paid $173 million for the 532-unit Jackson Apartments that Vulcan Real Estate developed. It was a joint venture buy with investment manager PCCP, completed through Timberlane Acquisition Fund II, the firm’s second closed-end private acquisition fund. This is Timberlane’s […]
Apartment and retail complex sells in one of Seattle’s priciest recent deals
Originally published: costar.com Prolific local investor pays $138.5 million to buy 245-unit Queen Anne Collection Seattle-based Timberlane Partners extended its buying spree in greater Seattle, buying an apartment and retail complex for $138.5 million in one of the region’s largest property sales of the year. Timberlane bought the Queen Anne Collection, a complex with 245 […]
Timberlane pays $138M for 245 Queen Anne units, plus retail
Originally published: djc.com A four-building Queen Anne portfolio sold this week for $138.5 million, according to King County records. The seller was RREEF, aka Deutsche Asset & Wealth Management, which assembled the portfolio during 2011-2014 for about $114.2 million. Emerald Bay Equity developed the quartet from about 2006 to 2014, with RREEF then among the […]
Trader Joe’s-anchored property on Queen Anne acquired by Seattle investor
Originally published: bizjournals.com Seattle-based Timberlane Partners acquired the Queen Anne Collection mixed-use portfolio Monday for $138.5 million, according to a company announcement. The four-building complex, which straddles Queen Anne Avenue North between West Crockett and West Howe streets, was sold by Los Angeles-based RREEF Property Trust. The deal includes $92.4 million for 245 residential units and […]
Timberlane Partners Acquires 245-Unit ‘Queen Anne Collection’ in Seattle for $138.5MM
Originally published: theregistryps.com Seattle-based Timberlane Partners announced today that its closed-end private fund, Timberlane Acquisition Fund (TAF), has acquired Queen Anne Collection, a mixed-use portfolio in Seattle’s Upper Queen Anne neighborhood. The $138,500,000 transaction includes 245 residential units and 63,551 square feet of ground-floor retail. The purchase price includes $92,400,000 allocated to the residential component […]
Renton apartment complex sells to Seattle investor for $71 million
Originally published: bizjournals.com Seattle-based Timberlane Partners acquired the Copper Ridge apartment complex in Renton for $70.7 million in a deal recorded Friday. The acquisition was made through Timberlane’s closed-end multifamily fund, Timberlane Acquisition Fund. The 325-unit, 254,000-square-foot apartment community sits on 17 acres at 4600 Davis Ave. S. The garden-style development includes 35 buildings. The price […]
Timberlane pays over $70M for 325 Renton units
Originally published: djc.com The Copper Ridge apartments in Renton, at 4600 Davis Ave. S., sold last week for about $70.7million, according to King County records. The seller was Copper Ridge Renton LLC, which acquired the property in 2014 for over $36.5 million. That LLC, based in Southern California, is associated with the family office for the […]
Timberlane Partners extends apartment buying spree in Greater Seattle
Originally published: costar.com Copper Ridge in Renton is Seattle-based investment firm’s sixth multifamily acquisition of 2024 A Seattle-based investor bought a 325-unit apartment complex near Seattle in Renton, one of the Puget Sound region’s most active areas for multifamily sales this year. Timberlane Partners, one of the most active multifamily investors in the Pacific Northwest over […]