About Us

Timberline Real Estate Ventures is a fully integrated, operationally focused private equity real estate investment management and advisory firm with deep roots across numerous real estate sectors. The founding principals of Timberline, Andrew Stark and Nathaniel Fowler, bring over 40 years of experience in developing, owning, managing and creating value in all aspects of real estate including their industry leading reputation as leaders in the specialized student housing sector. Timberline’s student housing expertise crosses many disciplines including investment, development, legal, debt finance, construction, strategic planning, and capital markets. Andrew and Nathaniel launched Campus Evolution Villages in 2012 and grew the Campus Evolution Villages and Pinnacle Campus Living brands before combining their sector-leading firm with BH Management Services in 2020 to form B.Hom Student Living with over 28,000 beds across 40+ universities.

Timberline utilizes its expertise across student housing, multifamily in both urban and suburban environments, industrial, manufactured housing and mixed-use retail/residential communities to invest in and manage attractive risk-adjusted assets and companies. Timberline’s investments are rooted in being stewards of our partner’s capital through investment in opportunistic strategies.

Andrew Stark


Andrew is a founding Principal of Timberline Ventures where he leverages his 25 years of hands-on real estate experience. Widely regarded as an entrepreneurial and innovative thinker in the real estate industry, Andrew’s experience crosses many disciplines including, legal, finance, land development, construction, strategic planning and capital markets. Under Andrew’s leadership, he grew the Campus Evolution Villages brand to approximately 10,000 beds since his launching of the company in 2012. Campus Evolution was recognized as a leader in student housing and has gained ranking as a top 20 student housing owner by Student Housing Business; today Andrew also and serves as Executive Vice President of B.Hom Student Living, part of the BH Management organization with over 95,000 residential apartments under management.

Student housing is not new to Andrew, as Mr. Stark was instrumental in launching American Campus Communities (NASDAQ: ACC), an early student housing company, which later went on to be the first company in the sector to go public on a US stock exchange. Andrew and his partners brought the capital to ACC to acquire its first asset and then acquired the company, built-out the management team and provided all growth capital leading up to its IPO. This initial venture was successful in bringing creative thinking and capital to this student housing vehicle in a sector that was in its infancy.

Prior to launching Campus Evolution, Mr. Stark oversaw and consummated the recapitalization of a ’34 Act specialty finance company with private equity funding during the economic downturn of the late 2000’s. He was responsible for negotiating and completing this highly complex transaction in the face of shareholder challenges and pending SEC investigations. Mr. Stark secured capital commitments for the transaction, and after closing, immediately implemented action items to stabilize the management of the organization and commenced asset dispositions to move the company into positive cash positions for future originations and growth.

As Managing Director of Cantor Fitzgerald, Mr. Stark focused on opportunistic investments in real estate assets and platform vehicles, including distressed land assets, development projects and strategic investments in capital constrained assets. As President of the Northeast and Mid-Atlantic regions of a publicly traded homebuilding which he sold his company to, Andrew oversaw the company he grew ten-fold in revenue to be a leading regional homebuilder prior to consummating a combination with the public company.

Nathaniel Fowler


Nathaniel is a founding Principal at Timberline Real Estate Ventures. With over 15 years of hands-on real estate, private equity and investment banking experience, Nathaniel has been a leader in all aspects of real estate analysis, acquisitions, asset management, capital raising and operations for high-net-worth and institutional investment partners. Nathaniel partnered with Andrew Stark in 2012 and launched Campus Evolution Villages growing the company from two employees to a top 20 student housing owner/operator with more than 250 employees across the country. Today Nathaniel serves as Executive Vice President of B.Hom Student Living, part of the BH Management organization with over 95,000 residential apartments under management.

Prior to launching Campus Evolution Villages, he worked in the Investment Banking group at Cantor Fitzgerald where he helped execute various strategic advisory transactions and capital raises for alternative investment funds, structured investment vehicles, traditional private placements, primary and secondary offerings as well as equity linked, preferred, debt and mezzanine securities. Previously, he worked on the investment and asset management team for a value-add private equity fund at LaSalle Investment Management, where he helped acquire over $2 billion in real estate assets on behalf of institutional investors. Nathaniel graduated from the University of Notre Dame and the University of Chicago Booth School of Business.