Timberland Partners has acquired a 288-unit townhome-style apartment community in Tulsa, Okla. The property, Springs at Woodlands South, will be rebranded as The Aria at Woodlands South as part of the sale. A purchase price was not disclosed.
This is the fourth property Timberland Partners has purchased in the Tulsa market and the second it has acquired through the newly created Timberland Partners Apartment Fund VIII, a $50 million multi-asset investment fund launched earlier this year.
Built in 2015, The Aria offers spacious one-, two- and three-bedroom floorplans with comfortable tenant perks and amenities. Each apartment has a private entry with a private balcony or patio. Apartments feature kitchen islands with in-unit washer and dryer and walk-in closets. Attached garage options are available. Residents have access to a resort-style swimming pool, dog park, pet spa, fitness center, and outdoor grilling and entertaining space.
The Aria’s location makes i
