Timberlane expanded its portfolio with the acquisition of Vista Ridge in Issaquah.
Acquisitions
Timberlane Partners Acquires 91-Unit Issaquah Apartments for $37M
Originally published: connectcre.com Seattle-based real estate investment firm Timberlane Partners has acquired the Vista Ridge, a 91-unit apartment complex in Issaquah, for $37 million. The 91-unit apartment complex at 201 Mountain Park Blvd. SW sold in a deal, with the sale price coming out to around $406,600 per unit, reported the Puget Sound Business Journal. The seller was Vancouver, British Columbia-based […]
Timberlane acquires 91 Issaquah units for $37M
Originally published: djc.com The Vista Ridge garden apartments in Issaquah, at 201 Mountain Park Blvd. S.W., sold last week for $37 million, according to King County records. The seller was Belkorp Holdings, a Canadian firm that under a different name acquired the property in 1996 for about $7.3 million. The buyer was TAF VR LLC, […]
Timberlane Partners Acquires 91-Unit Vista Ridge in Issaquah for $37MM
Originally published: theregistryps.com Timberlane Partners has expanded its Eastside footprint with the $37 million purchase of Issaquah’s 91-unit Vista Ridge apartments from Vancouver-based Belkorp Holdings, backing the deal with a $27 million loan from Morgan Stanley’s Mesa West Capital as it deploys its second closed-end fund into a submarket it had long targeted. Timberlane Partners […]
Timberlane buys $23M Colo. units
Originally published: djc.com BOULDER, Colo. — Based here in Seattle, Timberlane Partners is an active multifamily presence around the county. It announced its purchase this week, worth over $23.2 million, of a 41-unit townhouse rental property called Wonderland Creek Townhomes. The complex is about nine years old, with units ranging from two- to three-bedrooms. It’s at […]
Seattle company pays $23.25M for Boulder rental townhomes
Originally published: bizjournals.com A Seattle-based alternative investment manager has made its second Colorado acquisition through an off-market deal to buy a townhome community in Boulder. Timberlane Partners purchased the Wonderland Creek Townhomes, at 3701 Paseo del Prado, for $23.25 million, a sales announcement from the company said. The community last traded hands for $21 million […]
Timberlane extends Seattle apartment buying spree with large year-end deal
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 […]
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 […]