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April 17, 2024

Timberlane closes $100M fund

SEATTLE — Timberlane Partners launched a new value-add acquisition fund last year, but never announced the goal — even as some of the money was being spent up and down the West Coast on older multifamily properties. Earlier this month, the investor/developer said the fund had closed with $100 million in contributions.

Timberlane says that most of the money has come from ultra-high-net-worth investors, family offices and funds managed by registered investment advisors. Timberlane's John Chaffetz said in a statement, “Timberlane's track record of success and transparency instilled confidence in both our existing and new investors to participate in our first institutional scale fund.”

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