Originally Published: djc.com SEATTLE — Timberlane Partners launched a new value-add acquisition fund last year, but never announced the goal — even as some of the money was being spent up and down the West Coast on older multifamily properties. Earlier this month, the investor/developer said the fund had closed with $100 million in contributions. Timberlane says that […]
Acquisitions
Seattle Firm Closes First Acquisition Fund To Buy Apartments at Discount Prices
Originally Published: costar.com Seattle-based Timberlane Partners closed its first multifamily investment fund with more than $100 million intended to buy discounted apartments as investors capitalize on a sales slowdown that has shaken up property values. The company said it closed its Timberlane Acquisition Fund backed by ultra-high-net-worth investors, family offices and registered investment adviser fi […]
Seattle multifamily company closes $100 million fund as market bumps along the bottom
Originally Published: bizjournals.com Seattle-based Timberlane Partners has announced the successful closure of its multifamily real estate investment fund with over $100 million in equity. Backed by ultra-high-net-worth investors, family offices, and RIA (registered investment adviser) firms, the Timberlane Acquisition Fund is building on the track record of Timberlane, which says it has delivered returns averaging […]
Timberlane Partners Closes First Multifamily Real Estate Investment Fund with More Than $100MM in Equity Commitments
Originally Published: The Registry Timberlane Partners today announced the successful closure of their multifamily real estate investment fund, TAF (Timberlane Acquisition Fund), with equity commitments surpassing $100 million. TAF represents a closed-end private real estate fund designed for the acquisition of institutional multi-family assets across the West Coast and Mountain West regions. The fund, backed […]
Timberlane Closes Fund with $100M in Equity Commitments
Originally Published: ConnectCRE Seattle-based Timberlane Partners has closed its multifamily real estate investment fund, Timberlane Acquisition Fund (TAF), with equity commitments surpassing $100 million. TAF represents a closed-end private real estate fund designed for the acquisition of institutional multi-family assets across the West Coast and Mountain West regions. The fund, backed by ultra-high-net-worth investors, family offices, and RIA […]
Joint Venture Adds to Seattle Portfolio Through Discounted Apartment Acquisition
Originally published: CoStar A joint venture bought its second Seattle apartment complex in less than two months at a discount as investors capitalize on a sales slowdown that has shaken up property values. Seattle-based Timberlane Partners’ acquisition fund and Stars REI, based in Chile, paid $55 million, or about $334,000 per unit, for the 166-unit […]
Timberlane Partners, STARS REI Acquire Ballard MF for $55M
Originally published: ConnectCRE A joint venture between Timberlane’s Acquisition Fund and STARS REI purchased the Koi apartments, a six-story, 166-unit building in the Ballard district of Seattle for $55.5 million. The transaction, which equates to approximately $334,000 per unit, represents the joint venture’s second Ballard acquisition in the past two months, following The Wilcox. JLL’s Senior Managing Directors David Young and […]
Ballard multifamily asset trades for well below replacement cost
Originally published: Puget Sound Business Journal A joint venture of Timberlane Partners and STARS REI is the new owner of Ballard’s Koi Apartments, a 166-unit asset at 1139 NW Market St. The $55.5 million price is well below replacement cost, and $1.5 million less than what the then newly opened six-story property sold for 10 years […]
Timberlane pays over $55M for 166 Ballard units
Originally published: Daily Journal of Commerce The Koi Apartments, at 1139 N.W. Market St., sold this week for a little over $55.4 million, according to King County records. The seller was HLI Koi LLC, a REIT managed by CBRE, which acquired the property in 2014 for $57 million. That represents a small but not terrible loss. […]
Timberlane Partners Buys 132-Unit Multifamily Community in Seattle for $45.2MM
Originally published: news.theregistryps.com An apartment complex in Seattle’s Ballard neighborhood traded hands recently at a loss for the seller. The Wilcox was purchased by an entity affiliated with Timberlane Partners for $45.2 million, or approximately $342,045 per unit, according to King County public records. The seller was an entity affiliated with J.P. Morgan. Located at […]