MILWAUKIE, OR—Holliday Fenoglio Fowler has sealed a $47.1 million deal for the sale of The Bluffs and Miramonte Lodge, two garden-style apartment communities totaling 368 units in Milwaukie.
Holliday Fenoglio Fowler (HFF) marketed the properties on behalf of Holland Partner Group and its capital partner. Starwood Capital Group purchased the assets free and clear of existing debt.
The Bluffs is a four-building, 137-unit property totaling 100,837 rentable square feet with studio, one-, two- and three-bedroom units. The property is situated on 6.68 acres at 12601 SE River Road along the Willamette River and approximately seven miles south of downtown Portland. Community amenities include an outdoor pool, sauna, barbecue area, fitness center, community room and resident library.
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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.
