CBRE recently represented Timberland Partners in the sale of two multifamily properties, Timberland Point and Timberland Crossing, to Monarch Investment and Management Group, totaling 318-units and 247,305-square-feet, in St. Cloud, Minnesota.
Keith Collins, Ted Abramson and Abe Appert of CBRE Minneapolis represented Timberland Partners in the sale.
Timberland Point is a 168-unit, 130,520-square-foot apartment complex that features a gated pet park, grilling and picnic areas, a community garden and new plank flooring and carpeting in select units.
Timberland Crossing is a 150-unit, 116,785-square-foot apartment complex on a large, low-density site providing ample opportunity for resident enjoyment enhancements.