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Partner Sought for Major Multifamily Project

PORTLAND-Developer Roy Kim has retained Holliday Fenoglio Fowler to identify a joint venture partner for a 554-unit, luxury multifamily complex on 14 acres within Kim's 138-acre Bethany Village development.

By Brian K. Miller | Updated on October 29, 2002

PORTLAND-Developer Roy Kim is seeking a joint venture partner for the next phase of Bethany Village, a 138-acre master planned community on the outskirts of Portland that is now 95% complete.

The project is West Parc at Bethany Village, a 554-unit, luxury multifamily development that will be developed on 14.37 acres. Kim has retained Holliday Fenoglio Fowler to identify an investor partner for the project, which is slated to break ground this coming February.

“(Bethany Village’s) existing multifamily projects provide management efficiencies, which together with the barriers to entry provided by the surrounding master-planned development and the abutting Urban Growth Boundary, offer long-term rental appreciation and an irreplaceable community,” says Lloyd Minten, HFF’s senior managing director in Portland.

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