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national   /   February 26, 2021

David Cohen
By: David Cohen

CBRE Brokers $69M Sale of New Hampshire MF Community

CBRE has arranged the $69.2 million sale of Timberwood Commons, a 252-unit, market rate multifamily community in Lebanon, N.H.

The community is spread across 42-acres and consists of five, three-story garden style buildings and a five-story elevatored midrise building. Timberwood Commons offers ten different unit styles including studios, one and two-bedroom apartment homes with an average size of 847 square feet. The community features a freestanding clubhouse with a business center, community room and fitness center. The property is located at located at 6 Timberwood Drive.

Simon Butler, Biria St. John and John McLaughlin of CBRE exclusively represented the seller, Philadelphia-based Merion Realty Partners, in the transaction. The buyer was an affiliate of Audubon Capital Partners of Boston.

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About the Author

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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