Vancouver-based Holland acquires 304-unit complex
Thursday, February 2, 2012
Vancouver-based Holland Partner Group has teamed with HPK Multifamily LLC to acquire a 304-unit apartment complex in Kent, a deal financed with a $25 million loan through the Portland office of CBRE Capital Markets. Holland Partner Group and HPK obtained the loan at a fixed interest rate of 4.21 percent, according to a written statement from CBRE, which said it took less than three weeks to obtain the Freddie Mac financing.
Holland is an acquisition, construction, multifamily property management and development firm with more than 21,000 units in Washington, Oregon, California, Colorado, Nevada and Arizona.