Timberland Partners Acquires Multifamily Asset From Quarterra In Shakopee For $65.5M

The property asset involved in the transaction is a multifamily asset located at 1610 Emblem Way in the Shakopee market. The sale price for the property was $65,500,000, encompassing a total of 288 units. The asset spans a square footage of 275,904, with a price per unit of $227,430 and a price per square foot of $237.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,500,000
• Units: 288
• Square Footage: 275,904
• Price Per Unit: $227,430
• Price Per Square Foot: $237
• Buyer: Timberland Partners
• Seller: Quarterra
• Brokers: Josh Talberg, Joseph Peris, Matthew Lawton, Roberto Casas, Ken Dayton & Pat McMullen - JLL

The deal involved key individuals including Timberland Partners as the buyer and Quarterra as the seller, facilitated by a team of brokers from JLL, comprising Josh Talberg, Joseph Peris, Matthew Lawton, Roberto Casas, Ken Dayton, and Pat McMullen, who represented the parties in the transaction.