Acquisitions

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 […]

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 […]

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 […]

Originally published: connectcre.com Timberlane Partners, a Seattle-based, alternative investment manager, has acquired a multifamily property located at 4600 Davis Avenue South in Renton’s city center. Copper Ridge is a 325-unit apartment community that was acquired as part of Timberlane’s closed-end multi-family fund, Timberlane Acquisition Fund. The property was purchased for $70.7 million, approximately $218,000 per unit. IPA’s Giovanni […]

Originally published: news.theregistryps.com Timberlane Partners, a Seattle based, alternative investment manager, announced today the acquisition of Copper Ridge located at 4600 Davis Avenue South in Renton’s city center. The 325-unit apartment community was acquired as part of Timberlane’s closed-end multi-family fund, Timberlane Acquisition Fund (TAF). The property was purchased for $70.7 million, approximately $218,000 per unit. (Ed. […]

The Seattle-based firm faced competition to secure the property, where it plans a light renovation.

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 […]