DENVER—Holland Partners Group, Vancouver, is investing in Denver.
The company has secured a $38 million loan through Freddie Mac to to fund the purchase of Monterey Heights, a 332-unit garden-style complex in suburban Denver. The complex is 93 percent occupied.
Jim Rice and Nick Santangelo of the Portland office of CBRE arranged the 10-year deal
Holland Partners, formed in 2001, operates acquisition, construction, property management and development arms in the Western U.S. It owns more than 21,000 units in Oregon, Washington, California, Colorado and Arizona.
Click Portland Business Journal to read the full story.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
