Timberland Partners Purchases 342-Unit Multifamily Property in Shawnee, Kansas

by Kristin Harlow

SHAWNEE, KAN. — Timberland Partners has purchased The Retreat of Shawnee for an undisclosed price. The 342-unit multifamily property, originally built in 1984, consists of one- and two-bedroom floor plans. Amenities include a pool, fitness center and clubhouse. Timberland will undertake a $2.6 million improvement plan to renovate units and amenities. Jeff Stingley of CBRE represented the undisclosed seller. This is the seventh and final purchase for Timberland Partners Fund VI.

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