Minneapolis (July 28, 2020) — Real estate investment, management and development firm Timberland Partners is pleased to announce its largest real estate fund has reached the halfway point, with $50 million raised since the fund launched in January.
Through Timberland Partners Apartment Fund VII (TPAF VII), the firm plans to raise $100 million to acquire and manage class A and B apartment communities in the Midwest and Southeast markets of the United States, significantly growing its portfolio. Thus far, Timberland has acquired and is managing four properties that have been purchased as part of TPAF VII:
- The Meridian at Walnut Creek in Rogers, Ark. (220 units)
- Meadowridge Apartments in St. Peter’s, Mo. (180 units)
- The Trails at Cahaba River in Birmingham, Ala. (400 units)
- Encore Memorial in Bixby, Okla. (248 units)
Despite COVID-19 disrupting the world’s economy and real estate market this spring, Timberland Partners made a strategic decision to sharpen and refine its investment focus to continue to locate quality assets that produce strong returns. Timberland feels confident there are additional opportunities to acquire properties at compelling prices with the goal of creating additional value over time.
In the coming months, the firm will utilize its outstanding reputation in the brokerage and lending communities, readily available capital, and a more cautious approach to underwriting to take advantage of the opportunities for investment that produce both annual cash flow and long-term capital appreciation.
“We are pleased with the rapid progress of Timberland Partners Apartment Fund VII and fortunate to offer investors the chance to continue to participate,” said Robert Fransen, President of Timberland Partners. “We have always taken a long-term view with our investment strategy, and even in this uncertain economy, we have identified many opportunities to deliver value and positive returns for our partners.”
With each new investment vehicle, Timberland Partners employs strategies developed from the extensive industry knowledge of its experienced team. The model is based upon the tactics of adding value through strategic capital improvements with enhanced operational management. The result is operating income growth that, over time, increases the value of each property.
“There is no mistaking that we are living in an unprecedented time for the real estate investment market. Even with these realities, we feel strongly that, even though the short term may be a bit turbulent, the multifamily market is primed for continued long-term growth,” Fransen added. “Real estate investment is not conducted in a vacuum and I am proud of our team’s ability to quickly adapt and respond to the changing market. Our success going forward with TPAF VII will rely on the same approach and investment strategy that our company was founded on nearly 30 years ago: by finding the right properties and managing them well, we deliver value and opportunity to our partners, team members and residents.”
Minneapolis-based Timberland Partners owns and manages a portfolio 78 communities in 15 states for a total of nearly 17,000 apartment units. It offers a boutique investment firm experience rooted in the values of integrity, transparency and honesty. To learn more visit www.TimberlandPartnersInvestments.com.
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