WILSONVILLE, OR—HFF has closed the sale of Jory Trail at the Grove, a 324-unit, class A, garden-style multifamily community in Wilsonville, a suburb south of Portland.
HFF worked on behalf of the seller, a partnership between Holland Partner Group and The Carlyle Group, Inc.
M&C Properties of Salt Lake City, purchased the asset for $59 million. Additionally, HFF worked on behalf of the new owners to secure a $44.25 million fixed-rate loan through Freddie Mac's (Federal Home Loan Mortgage Corporation) CME Program. The securitized loan will be serviced by HFF through its Freddie Mac Program Plus seller/servicer program.
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