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11/16/16
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LaSalle Apartments, a garden-style, midrise luxury apartment community in Beaverton, OR, was acquired by a joint venture between Holland Partner Group and Invesco Real Estate. The 566-unit asset was sold by Waterton. The price was not given out.
Located at 15021 SW Millikan Way, LaSalle boasts a unique and highly desirable mix of floor plans including, townhomes with attached garages, traditional stacked flats and midrise flats with elevator service. The community is located directly on the Beaverton Creek MAX light rail, providing residents with direct access to Hillsboro and the Portland CBD.
Josh McDonald, Eli Hanacek and Jon Hallgrimson of the CBRE Capital Markets Pacific Northwest Institutional Properties team represented both the buyer and the seller in the deal. Nick Santangelo and Brian Eisendrath of CBRE’s Debt & Structured Finance secured the financing for the acquisition through Freddie Mac.
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