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Timberland Partners has purchased Highland Lakes apartments in Prattville, AL for $42 million.

Timberland Partners Acquires $42M Prattville Residential Complex

Cushman & Wakefield has arranged the $42-million sale of Highland Lakes, a 224-unit multifamily property located in the Montgomery submarket of Prattville, AL.

Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller, Tampa, FL-based Morrison Avenue Capital Partners, LLC, in the transaction. The property was acquired by Minneapolis, MN-based Timberland Partners.

“Highland Lakes is well-located and has great bones for a continued renovation. The community is poised for growth in the ever-expanding Prattville market.” said Hey. Built in 2001, Highland Lakes features top-of-market amenities including gated access, pool, dog park, car care center, detached garages, clubhouse with business center, picnic area and fitness center.


Inside The Story

Cushman & Wakefield's Hey

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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