Boston & New England + Apartments | February 26, 2021

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 David Cohen

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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.