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| The Pointe Apartments, 3708 NE 109th Avenue, Vancouver, WA |
(photographer: Red Studio Inc.).
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| Kerry Hughes |
PORTLAND, OR –- Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $55 million sale of The Pointe, a 387-unit, garden-style
multi-housing property in Vancouver, Washington.
HFF marketed the asset
exclusively on behalf of an affiliate of Kennedy Wilson. Green Leaf Capital Partners purchased the
offering for $55 million free and clear of existing debt.
The Pointe is located at 3708 NE 109th Avenue just off
Interstate 205, approximately 16 miles northeast of downtown Portland.
The 94-percent-leased property has 37
residential buildings with one-, two- and three-bedroom units averaging 879
square feet each.
Community amenities
include two swimming pools, indoor spa, fitness center, barbecue area, dog run
and clubhouse.
The HFF investment sales
team was led by managing director Ira
Virden and associate director Kerry
Hughes.
Green Leaf Capital
Partners is a vertically integrated real estate investment company based in
Northern California that acquires, renovates and manages apartment properties
in select markets in the United States.
The company’s primary focus has been to purchase Class B apartment
assets with a strong current return and some opportunity for capital
appreciation through renovation and market dynamics.
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| Ira Virden |
Green Leaf manages its own assets
through its subsidiary Green Leaf Partners, Inc. and also directly oversees its
own construction team to manage rehabilitation projects and ongoing maintenance
projects.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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