Originally published: costar.com Purchase of 532-unit complex marks largest acquisition to date for Seattle-based firm One of the Puget Sound region’s most prolific apartment investorsmade its biggest acquisition to date, paying $173 million to buy acomplex near Seattle’s Central District. Seattle-based Timberlane Partners bought the Jackson Apartments, a532-unit complex at 2401 S. Jackson St., from Vulcan […]
Acquisitions
PCCP JV Pays $173M for Seattle Apartment Property
Originally published: connectcre.com A joint venture between Timberlane Partners and PCCP has paid $173 million for Jackson Apartments, a 532-unit Seattle multifamily community in the city’s Central District. Vulcan Real Estate sold the property. The buyers closed the transaction through Timberlane Acquisition Fund II, a closed-end private acquisition fund, reported the Puget Sound Business Journal. The deal also included the 47,374-square-foot ground-floor retail space, anchored […]
In first sale, Vulcan fetches $173M for Jackson Apartments
Originally published: djc.com Its 532 Central Area units, plus Amazon Fresh, go to Timberlane. Who today remembers the old Red Apple grocery in the Central Area? That was demolished about seven years ago. In its place, at 2401 S. Jackson St., Vulcan Real Estate developed the 532-unit, midrise Jackson Apartments, working with Runberg Architecture Group and builder Exxel […]
Timberlane Partners, PCCP Acquire 532-Unit Jackson Apartments in Seattle for $173MM
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 […]
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 […]