Haley Companies Acquires 116-Unit Timber Trails Apartments in Williston, North Dakota
Haley Companies has acquired Timber Trails Apartments, a 116-unit multifamily community located at 2415–2501 24th Ave W in Williston, North Dakota, the firm announced. The transaction closed September 9, 2026, and represents the company's first multifamily community in North Dakota.
Property Overview
Timber Trails Apartments offers one-, two-, and three-bedroom apartment homes with floor plans ranging from approximately 700 to 1,300 square feet. Community amenities include in-home washers and dryers, private patios or balconies, available garage parking, and a pet-friendly environment. The property sits near Highway 85, providing residents with access to schools, shopping, and other everyday conveniences throughout the Williston area.
Haley Companies Enters North Dakota Market
The acquisition extends Haley Companies' multifamily portfolio into a new state market. The firm described the deal as reflecting its continued focus on identifying well-located multifamily communities with strong long-term potential, with plans to apply its hands-on management approach and operational expertise at the property. The Williston acquisition follows a separate Midwest portfolio expansion the company announced earlier in 2026.
Williston Multifamily Market Context
Williston's multifamily market has shown relatively stable fundamentals in recent periods. Vacancy in the city stood at 6.3% in the second quarter of 2025, with asking rents averaging $1,319 per unit — up 7.5% year over year. A subsequent market snapshot placed vacancy at 7.6% and average asking rents at approximately $1,314 per unit, a 5.1% year-over-year increase. More recent rent trackers for Williston show typical asking rents in the range of roughly $1,200 to $1,300 per month, depending on methodology and sample.
Outlook
The Timber Trails acquisition positions Haley Companies in a smaller energy-market city where multifamily vacancy has remained moderate and rent growth has been positive in recent quarters. The firm said it looks forward to building on the community's existing strengths as it establishes its presence in the North Dakota market.
Sources: Haley Companies — Portfolio Expansion with Acquisition of Timber Trails Apartments in Williston