Current opportunity
Jaxen 58
Investment opportunity targeting consistent income generation and long-term capital appreciation.
Fund Target Size
$38 Million
Sponsor Commitment
23.9% *
Direct investment into
Fully permitted multifamily development
Fund Objectives
Invest capital into a new, garden-style multifamily development in the growing Chattanooga market with attractive, +8% 10-year average cash-on-cash returns (includes construction period)
Fund Strategy
Launch Jaxen Platform
The new Jaxen platform targets overlooked secondary and tertiary markets, offering a cost-effective housing option while providing residents with high-quality unit finishes and a generous amenity package.
Growing Chattanooga Market
Situated in the growing Chattanooga market, the identified location is adjacent to three schools, and is less than two miles from the expanding Enterprise South Industrial Park, home to over 9,000 jobs.
Operational Efficiencies
Jaxen 58 will become Timberland Partners’ third property owned and managed in Chattanooga and 14th in Tennessee, capitalizing on our knowledge and experience in the market.
*Calculations include cash and Contributed Development Units including for this purpose receipt of equity from a portion of the development fee in lieu of cash payment.