Minneapolis-based Timberland Partners acquired Knollwood Apartments in Hazelwood, Missouri. Founded in 1992, the company now owns and manages 74 apartment communities totaling 15,574 units in its portfolio spanning 15 states.
This is the sixth property Timberland Partners owns in the St. Louis market.
Knollwood is a suburban, garden-style community built in two phases in 1980 and 1984. It consists of one- and two-bedroom apartments, hosting amenities such as two outdoor pools, fitness center, two off-leash dog parks and clubhouse.
A strategic capital improvement plan will be implemented, including rebranding the property to be renamed ‘The Finn,’ improving amenity spaces and unit renovations. Renovations will include new shaker style cabinet fronts, faux wood flooring, stainless steel appliances, 2-inch faux wood blinds, updated lighting fixtures and hardware throughout the units.
