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The company s portfolio properties have remained more than 95 percent leased during pandemic.
Bloomington-based Timberland Partners is launching its eighth multi-asset real estate fund – Timberland Partners Apartment Fund VIII – with a goal of raising $50 million. This follows its previous fund, which closed in December after raising $80 million.
Timberland is not looking to Wall Street or large institutional investors.
“It’s predominantly retail investors. I would say it’s 90 percent individual high-net worth investors,” said Sam Eaton, director of investor relations for Timberland. “We do have a number of private family offices and wealth managers who place their clients with us as well.”
The Minneapolis startup is diversifying amid talk of an IPO. Mike Mikan Photo courtesy of Bright Healt
Minneapolis-based Bright Health Inc. didn’t have to look far for its latest acquisition. Bright Health just acquired Zipnosis Inc. Both companies are based in the North Loop area of downtown Minneapolis.
The move brings Bright Health into a new line of business: telehealth. Zipnosis, led by cofounder and CEO Jon Pearce, has built a telehealth platform which offers virtual care to nearly 60 larger health systems around the U.S. Last year Zipnosis screened and treated more than 2 million patients.
Bright Health did not announce the deal itself. Instead, it was disclosed by New York-based Cain Brothers, which bills itself as a “preeminent health care investment bank.” Cain Brothers served as the financial advisor to Zipnosis in the deal.