Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
3.45x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
6.28x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund II
Wyndemere, St. Cloud, MN
France 98, Bloomington, MN
The Lakes, Tulsa, OK
Thrive Luxury Apartments, Davenport, FL
Trails at Cahaba River, Birmingham, AL
Inception
12/22/10
$12,600,000
Investment Base
15.51%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
2.39x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
4.89x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund III
The Bowie, Springdale, AR
The Carrington at Four Corners, Clermont, FL
The Overlook, Topeka, KS
Westbury, Howell, MI
Willowbend, Town & Country, MO
Inception
8/31/2012
$17,075,000
Investment Base
22.18%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
2.87x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
6.25x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund IV
Green Meadows, Belleville, MI
Renaissance at Norman, Norman, OK
Reserve at Moonlight, Gardner, KS
Riverchase, Tulsa, OK
Rya, Richfield, MN
The Park at Olathe Station, Olathe, KS
The Solstice, Lake St. Louis, MO
Towne Park, Troy, OH
Inception
11/27/2013
$25,425,000
Investment Base
22.05%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
2.32x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
5.69x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund V
Arcadia at Overland Park, Overland Park, KS
Forestlake, Daytona Beach, FL
Latigo 27, Ocala, FL
Legacy Village, Springfield, TN
Pelican Cove, Florissant, MO
Prairie Lakes, Ankeny, IA
Quail Hollow at the Lakes, Holland, OH
South Pointe, Southgate, MI
South Pointe, Southgate, MI
Woodland Park at Soldier Creek, Topeka, KS
Inception
6/30/2015
$38,650,000
Investment Base
18.31%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
1.45x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
4.11x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
White Bear Woods
White Bear Woods, White Bear Lake, MN
Inception
10/3/2016
$8,200,000
Investment Base
14.80%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
1.08x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
2.33x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Nashville 3
Falls at 109, Lebanon, TN
Fountains at Meadow Wood, Clarksville, TN
Lakes of Columbia, Columbia, TN
Inception
12/1/2016
$20,000,000
Investment Base
18.86%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.90x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
3.96x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund VI
Ashley Square, Des Moines, IA
Brookes Edge, Cleveland, TN
Green Mount Lakes, O’Fallon, IL
Huntington at Sundance, Mulberry, FL
Retreat of Shawnee, Shawnee, KS
Vance Station, Valley Park, MO
Villas at Oak Crest, Chattanooga, TN
Inception
9/13/2017
$51,450,000
Investment Base
17.81%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
1.14x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
3.04x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
Arkansas I
Sullivan Square, Bentonville, AR
Inception
3/7/2019
$17,500,000
Investment Base
20.58%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
1.46x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
3.06x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
Parkway Lakeside
Parkway Lakeside, O’Fallon, IL
Inception
3/7/19
$12,800,000
Investment Base
22.43%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.78x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
3.48x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
Timberland STL
The Finn, Hazelwood, MO
Inception
5/30/2019
$11,425,000
Investment Base
17.31%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.58x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
2.63x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund VII
Capital Park at 72 West, Huntsville, AL
Encore Memorial, Bixby, OK
Heritage Lake, Knoxville, TN
Isles of Gateway, St. Petersburg
Meadowridge, St. Peters, MO
The Meridian at Walnut Creek, Rogers, AR
Preserve on Maine, Rochester, MN
Synergy at the Meadows, Lake St. Louis, MO
The Halston, Birmingham, AL
Trails at Cahaba River, Birmingham, AL
The Vista at South Broadway, Rochester, MN
Inception
1/24/2020
$80,000,000
Investment Base
13.10%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.51x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
1.81x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund VIII
Grand Central at the Junction, Wentzville, MO
Oak Ridge at Pelham, Greenville, SC
The Aria, Tulsa, OK
The Halston, Birmingham, AL
Villas at Park Avenue, Pooler, GA
Inception
5/4/2021
$58,000,000
Investment Base
8.37%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.29x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
1.41x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
Missouri 3
The Avery, Farmington, MO
Inception
1/4/2022
$17,000,000
Investment Base
11.19%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.36x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
1.48x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Multi-asset
Fund IX
Highland Lakes, Prattville, AL
Maple Village, Pell City, AL
The Element, Kansas City, MO
Thrive Luxury Apartments, Davenport, FL
Inception
2/9/2022
$85,000,000
Investment Base
-2.71%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.10x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
0.90x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
Timberland Indigo
Indigo Apartments, Bloomington, MN
Indigo Apartments, Bloomington, MN
Inception
10/7/2024
$26,700,000
Investment Base
8.00%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.10x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
1.12x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
Knoxville Pointe
Knoxville Pointe, Dunlap, IL
Inception
3/25/2025
$10,750,000
Investment Base
16.45%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.07x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
1.16x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Single-asset
Emblem
Elwood Apartment Homes, Shakopee, MN
Inception
6/25/2025
$25,675,000
Investment Base
3.95%
Estimated Net IRR
Net Internal Rate of Return (IRR): An expression of the total return to the partners, net of carried interest, based on the timing and size of the investment amount, all distributions, and current terminal valuation.
0.03x
DPI
Distributions to Paid-In-Capital (DPI): A return metric that shows the number of times the investment entity has returned partner capital either through operating distributions, refinance proceeds, or liquidating asset sales.
1.03x
Estimated Net EM
Estimated Net Equity Multiple (EM): A return metric expressed as a multiple of the number of times the investment entity would return capital, net of carried interest, if liquidated at fair-market-value today. It includes all realized distributions and proceeds from a hypotheical sale of assets at current market value(s).
Active Partnership Entities
Entity
Estimated IRR
DPI
Estimated EM
Timberland Partners, LLP
32.53%
51.49x
107.57x
Timberland Partners III, LLP
19.60%
9.11x
16.36x
Timberland Partners V, LLP
19.22%
8.20x
32.26x
Timberland Partners VI, LLP
16.58%
6.29x
12.25x
Timberland Partners VII, LLP
14.82%
7.90x
10.66x
Timberland Partners IX, LLP
19.52%
12.71x
30.95x
Timberland Partners X, LLP
20.77%
6.02x
12.09x
Timberland Partners XII, LLP
15.28%
8.62x
15.56x
Timberland Partners XI, LLP
20.32%
6.40x
13.99x
Timberland Partners XIII, LLP
16.98%
5.76x
12.43x
Timberland Partners XIV, LLP
9.38%
2.07x
5.19x
Timberland Partners XVII, LLP
16.12%
6.17x
10.39x
Timberland Partners XVI, LLP
12.05%
3.81x
7.61x
Timberland Partners XX, LLP
14.40%
5.09x
8.06x
Timberland Partners XXI, LLP
11.21%
3.07x
7.37x
Timberland Partners XXIV, LLP
18.05%
8.62x
22.53x
Timberland Partners XXV, LLP
16.79%
3.25x
6.87x
Timberland Partners XIX, LLP
13.23%
3.92x
11.30x
Timberland Partners XXVI, LLP
13.35%
3.00x
8.85x
Timberland Texas I, LLP
10.04%
2.05x
6.78x
Timberland Partners XXX, LLP
20.22%
6.66x
10.70x
Timberland Kansas I, LLP
35.54%
8.58x
12.01x
Timberland Partners XXXIV, LLP
16.80%
4.18x
8.58x
Timberland Nebraska I, LLP
18.81%
4.85x
7.76x
Timberland Kansas II, LLP
17.96%
3.48x
8.19x
Timberland Partners XXXVII, LLP
23.96%
7.34x
10.10x
Timberland Partners XXXVIII, LLP
15.08%
2.70x
4.54x
Timberland Nebraska II, LLP
15.59%
2.31x
12.21x
Timberland Parkers Lake, LLP
26.26%
5.29x
9.72x
Timberland Lakeside Park, LLP
28.57%
4.11x
9.41x
Timberland Nashville I, LLP
21.59%
1.47x
6.71x
Timberland Florida II, LLP
24.49%
1.98x
5.94x
Timberland Sundance, LLP
7.44%
0.53x
1.93x
TP Elevate, LLC
14.85%
0.32x
3.06x
Timberland Norman OK, LLC
13.76%
0.45x
2.41x
Timberland Savannah Creek, LLC
17.36%
1.25x
2.60x
Timberland DeSoto, LLC
14.22%
0.95x
2.22x
Timberland Ashton Creek, LLC
16.94%
0.62x
2.45x
Timberland Solstice, LLC
7.28%
0.09x
1.18x
Realized Returns
To view the performance and realized returns of sold communities, click the button below and fill out the required information. Please contact us if you have any questions about the historical performance of sold entities.
Individuals (i.e., natural persons) may qualify as accredited investors based on wealth and income thresholds, as well as other measures of financial sophistication.
Financial Criteria
Net worth over $1 million, excluding primary residence (individually or with spouse or partner), or;
Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year
Professional Criteria
Investment professionals in good standing holding the general securities representative license (Series 7), the investment adviser representative license (Series 65), or the private securities offerings representative license (Series 82)
For further specifications please refer to the SEC website
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