Client Spotlight: Timberland Partners

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Timberland Partners is a Minneapolis-based real estate investment and management company focused exclusively on the multifamily apartment sector. In business for over 28 years, Timberland Partners owns and operates a +17,000-unit, $2 billion portfolio across the central and southeastern United States. The company specializes in value-add investments across growing secondary and tertiary markets.

The company’s current offering is Timberland Partners Apartment Fund VII (TPAF VII) – a long-term, multi-asset apartment fund.

The TPAF VII is seeking to raise $50 million, above the $50 million already committed, of non-institutional capital through HNW/UHNW and Family Office investors. We will hold the fund’s second capital closing on August 24th, and a third closing in the fourth quarter as we work toward the $100 million target. We expect to be fully funded by the end of 2020.

Timberland Partners provides superior risk-adjusted returns to investors by executing on a disciplined, value-add investment strategy – targeting class A/B, suburban multifamily assets in growing secondary and tertiary markets across central and southeastern U.S. Our vertically integrated business model ensures maximum efficiency through in-house acquisitions, property management, construction management, accounting, marketing, and investor relations. The company’s long-term investment horizon allows investment partners to profit from true value creation and not market timing, and to benefit from all of the tax advantages afforded to private real estate investors.

Capital is needed as TPAF VII is moving toward closing on the latest two acquisitions for the fund. The first is a 220-unit, Class A, newly constructed project in an affluent and fast-growing suburb of St. Louis, MO. We were able to source the property off-market and acquire it at an attractive purchase price as a result of the current environment, in addition to taking on the responsibilities of a portion of the lease-up. Upon closing, Timberland Partners will own seven properties totaling 2,186 units in the St. Louis market. We have confidence that the depth of our local market expertise will help make this new project a success.

The second property is a 2015-built, 233-unit project in Huntsville, AL. This deal was also sourced off-market and should be a strong cash-producer for the fund. The Huntsville market is essentially fully occupied, is growing rents at +6% year, and the population is on track to soon overtake Birmingham as the largest metro in Alabama. The market also hosts an affluent renter base due to the impressive Cummings Research Park – one of the largest in the world. Our property is well located, highly amenitized, with rents affordably priced relative to the competition.

Timberland Partners continues to see strong demand for our fund model – total commitments for the TPAF VII have now exceeded $50 million since opening for investment in December, 2019. Our investment offering is typically attractive to investors with a long-term investment perspective who seek passive income and the returns afforded through private real estate with a best-in-class investment sponsor. We invite you to join us. Reach out to a member of our investor relations team today to learn more.

To learn more, please contact our Director of Investor Relations, Sam Eaton at [email protected], or call (952) 208-1999.

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