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Knoxville Apartment Sale Becomes One of the City's Biggest in Years

Minneapolis Buyer Enters City with December Purchase
Heritage Lake was 98% occupied when Minneapolis' Timberland Partners nailed down a purchase agreement for it last month. (CoStar)
Heritage Lake was 98% occupied when Minneapolis' Timberland Partners nailed down a purchase agreement for it last month. (CoStar)
By Clare Kennedy
CoStar News
January 8, 2021 | 12:15 AM

Timberland Partners is paying $50.5 million for a 262-unit apartment complex in west Knoxville, Tennessee, a deal that is the city's biggest multifamily sale by total price in the past three years.

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