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397-Unit Apartment Community in Vancouver Sells for $68.8 Million

June 26, 2019

Westview HeightsHFO Investment Real Estate (HFO) has sold the 387-unit Green Leaf River Pointe Apartments in Vancouver, Washington for $68.8 million.

HFO’s institutional team represented the seller, Green Leaf Partners of California, and located a California buyer for the property.

“This property represents a true value-add opportunity in the highly desirable market of Vancouver. Green Leaf River Pointe offers an investor a critical mass of units that can benefit from a program of continual improvements and enhancements,” said HFO partner Cody Hagerman.

Located in Vancouver, Washington Green Leaf River Pointe offers resort-style amenities in a quiet, garden atmosphere. Its 19.01-acre site includes two outdoor pools, a sun deck, an indoor spa, fitness center, clubhouse, kids play area, garages, and covered parking. Unit amenities include private balconies and an in-unit washer/dryer. Select units include large walk-in closets and renovated interiors.

The sale was represented by HFO partners Tyler Johnson, Cody Hagerman, & Rob Marton and closed at a price per unit of $177,777 or more than $202 per square foot.

HFO Quote