Acquisitions

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 […]

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 […]

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 […]

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 […]

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.