
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.
- ◦Acquisition