(Oct. 21, 2021) – Timberland Partners is pleased to announce the acquisition of Vincent Woods, a 168-unit apartment community in Rogers, Minn. This is the seventh property the company has purchased this year and the 10th property in Timberland’s Twin Cities portfolio.
Vincent Woods was purchased, in part, using funds generated through the sale of Eagle Pointe, an apartment community in West St. Paul, Minn.
Built in 2020, Vincent Woods is designed for modern living with an emphasis on comfort and style. Floorplans range from studio to three-bedroom units. Each apartment has granite countertops, kitchen island, walk-in closets, in-unit washer and dryer a balcony or patio. Vincent Woods is pet-friendly and features an on-site dog park. Additional resident amenities include a patio terrace lounge with picnic and grilling space, two large fitness centers, a playground, and dedicated underground parking. There are high quality hiking and biking trails nearby.
Vincent Woods is located in a vibrant and growing community approximately 25 miles west of downtown Minneapolis, adjacent to Interstate 94. The population of Rogers grew 11 percent from 2018 to 2021 and is projected to grow by another 30 percent by 2030.
The city is a key distribution gateway between the metropolitan area and outstate Minnesota. The local community supports a thriving medical technology industry and many large employers like Medtronic, Boston Scientific, Cummins, Takeda Pharmaceutical, Amazon, FedEx and Target.
“Vincent Woods is a beautiful property in a desirable location. It offers many exciting features to prospective residents. We are very pleased to be bring this property into our portfolio and to be strengthening our footprint in the Twin Cities area,” said Mike Savides, Acquisitions and Finance Specialist with Timberland Partners. “With our strong local presence and talented on-site team in place, we are confident we can drive value for our investors.”
About Timberland Partners Minneapolis-based Timberland Partners now owns and manages a portfolio of 86 communities in 17 states for a total of more 18,500 apartment units. It offers a boutique investment firm experience rooted in the values of integrity, transparency and honesty. To learn more visit www.TimberlandPartners.com.