Sunday, October 5, 2014

HFF closes sale of 440-unit Arbor Creek in Beaverton, OR

  
Ira Virden

PORTLAND, OR – HFF announced it has closed the sale of Arbor Creek, a 440-unit garden-style multi-housing community in Beaverton, Oregon.

               HFF marketed the property on behalf of Holland Partner Group.  Jackson Square Properties purchased the property for an undisclosed amount.

               Arbor Creek is situated on 22 acres at 3280 Southwest 170th Avenue approximately 1.5 miles from Nike World Headquarters and within 10 minutes of the Intel Ronler Acres Campus and other major area employers.

 Partially renovated in 2013, the property includes one- and two-bedroom units averaging 768 square feet each.  Community amenities include a swimming pool, spa, fitness center, basketball/sport court, indoor racquetball court, playground, clubhouse and business center. 

               The HFF investment sales team was led by director Ira Virden and associate director Kerry Hughes.

Kerry Hughes
Founded in 2001, Holland Partner Group (“HPG”) based in Vancouver, Washington is a fully integrated real estate investment company.  

Current assets under management and development represent approximately $7.5 billion in 30,000 apartment homes located in the western United States’ most sought after markets. 

  The company accomplishes its investment objectives in strategic alignment with its capital partners through its five integrated operating companies, including development, construction, acquisition, redevelopment and management.   

HPG’s combined business volume in 2013 exceeded $1 billion and total employment in 2014 is expected to reach the 1,000 team member mark.

Jackson Square Properties is a privately-held company that capitalizes value-added real estate across the United States, renovating multifamily real estate in a manner that maximizes return on investment for its investment partners.  Since 2010, JSP has acquired more than 13,500 apartment units.  The company’s current portfolio consists of over 18,000 apartment units nationwide with concentrations in California, , Seattle, Portland, Denver, Chicago and Utah.


For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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