The Pointe Apartments in east Vancouver sold to Greystar recently for more than $100 million, according to the Portland Business Journal. Since then, the apartment complex’s name has changed to Avana One Zero Nine.
The seller, California-based Vista Investment Group, bought the apartment complex for $68 million in 2019, according to Clark County property records.
In 2015, the property was sold for $55 million, and in 2010, it was sold for $31.25 million.
The complex, at 3508 N.E. 109th Ave., offers 387 units. It’s the latest acquisition for South Carolina-based Greystar, which now owns 11 Vancouver apartment complexes, including the Aria, a new development at 636 W. Sixth St. Greystar was reported to hold about $32 billion in assets in 2019 and had about 20,000 employees worldwide.
The Pointe was part of a four-property, $334 million sale from Vista Investment Group, according to the Portland Business Journal. The other three properties in the deal are located in California.
