Timberlane expanded its portfolio with the acquisition of Vista Ridge in Issaquah.
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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 […]
L.A.’s Palisociety Inks Deal with Design Hotels Amid Historic Tourism Super-Cycle
Originally published: latimes.com In a major transaction shaking up Southern California’s boutique hospitality sector, Berlin-headquartered Design Hotels has announced its largest-ever portfolio expansion through a landmark agreement with Los Angeles-based operator Palisociety. The deal integrates 16 properties across nine U.S. destinations – representing more than 1,000 available keys – into the Design Hotels ecosystem, a move timed precisely as […]
You Can Soon Book These California-cool Hotels With Marriott Bonvoy Points
Originally published: travelandleisure.com Sixteen of the Palisociety hotels just joined Design Hotels, which is a Marriott-owned platform. That means your Bonvoy Points can soon book any of the Palisociety hotels. Los Angeles-based Palisociety, the independent company with boutique stays across the U.S., is joining Design Hotels, the Marriott-owned platform representing over 300 design-forward accommodations. Travelers will […]
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 […]