VANCOUVER, WA—Holliday Fenoglio Fowler, L.P. (HFF) has closed the $55 million sale of The Pointe, a 387-unit, garden-style multifamily property in Vancouver.
HFF marketed the asset exclusively on behalf of an affiliate of Kennedy Wilson. Green Leaf Capital Partners purchased the offering 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%-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.
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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.
