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10/06/14
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Jackson Square Properties purchased Arbor Creek, a 440-unit garden-style multi-housing community in Beaverton, OR. The property was sold by Holland Partner Group. The price was not disclosed.
Arbor Creek is situated on 22 acres at 3280 Southwest 170th Ave, approximately 1.5 miles from Nike World Headquarters and within 10 minutes of the Intel Ronler Acres Campus and other major area employers. Partially renovated in 2013, the property includes one- and two-bedroom units averaging 768 sf each. Community amenities include a swimming pool, spa, fitness center, basketball/sport court, indoor racquetball court, playground, clubhouse and business center.
HFF’s Ira Virden and associate director Kerry Hughes arranged the transaction.
Jackson Square Properties is a privately-held company that capitalizes value-added real estate across the United States, renovating multifamily real estate in a manner that maximizes return on investment for its investment partners. Since 2010, JSP has acquired more than 13,500 apartment units. The company’s current portfolio consists of over 18,000 apartment units nationwide with concentrations in California, , Seattle, Portland, Denver, Chicago and Utah.
Founded in 2001, Holland Partner Group, based in Vancouver, WA, is a fully integrated real estate investment company. Current assets under management and development represent approximately $7.5 bil in 30,000 apartment homes located in the western United States’ most sought after markets.
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