Timberlane expanded its portfolio with the acquisition of Vista Ridge in Issaquah.
Timberlane News
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 […]
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 […]