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 […]
Acquisitions
Timberlane Partners Acquires 325-Unit Copper Ridge in Renton for $71MM
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. […]
Timberlane Partners pays $40.5M for Denver deal
The Seattle-based firm faced competition to secure the property, where it plans a light renovation.
This Week’s Denver Deal Sheet
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 […]
Seattle developer makes its first Denver purchase as multifamily market simmers
Dried-up construction pipeline, persistent demand are expected to drive future rent growth
Seattle company acquires Denver apartment building for $40.5M
A Seattle-based fund manager purchased this apartment building for $386,000 per unit.
Metro Moves: Seattle firm buys first Denver property in LoHi for $40M
Denver’s LoHi upscale apartment complex 2828 Zuni sold for $40.5 million, Timberlane Partners announced Sept. 3, 2024.
Timberlane Pays $386K-Unit for Denver Apartments
Originally published: connectcre.com Timberlane Partners acquired 2828 Zuni, an apartment community in Denver’s LoHi neighborhood, through its closed-end multi-family fund, Timberlane Acquisition Fund. The property was acquired for $40.5 million, equating to $386,000 per unit. Canwest developed the project in 2013, and the Mulhern Group was the architect. Built in 2014, 2828 Zuni features 105 upscale […]
Two apartment buyers find double-digit discounts in Seattle market
Originally published: therealdeal.com Investors have picked up two apartment complexes in Seattle’s South Lake Union in separate deals for double-digit discounts. San Francisco-based Carmel Properties bought a seven-story, two-building complex with 275 apartments at 1212 Harrison Street for $92 million, or $22 million less than what it traded for five years ago, the Puget Sound Business […]
278 SLU units trade at a loss for $115M
Originally published: djc.com The Stack House apartment complex, at 1280 Harrison St. and related addresses, has sold for $115 million. Local buyer Timberlane Partners announced the deal before the county recorded two related sales on Thursday. The seller was an LLC associated with J.P. Morgan Asset Management, which acquired the full-block development in 2015 for […]