Timberlane Partners recently closed its successful multifamily real estate investment fund, TAF, with over $100 million in equity commitments. Backed by high-net-worth investors and family offices, Timberlane’s track record boasts impressive returns of over 25% net IRR across sold assets.
Amid a 20% decline in multifamily property values, Timberlane strategically acquired three assets and secured another contract at a 30% discount to replacement cost. The acquisition of The Wilcox apartments in Ballard at a 25% discount from its 2018 sale price exemplifies the fund’s astute investment approach.
The addition of industry veteran Jon Hallgrimson to the team further strengthens Timberlane’s position in the market. With over 35 years of experience at CBRE and a track record of facilitating transactions exceeding $27 billion, Hallgrimson’s expertise enhances Timberlane’s acquisition capabilities.
Timberlane’s strategy focuses on acquiring high-quality multi-family assets in attractive markets at discounted prices, optimizing their performance, and divesting to institutional buyers when market liquidity returns. This approach, coupled with a seasoned team and strategic acquisitions, signifies Timberlane’s commitment to delivering value to investors and navigating market fluctuations with finesse.
