Greystar Acquires Waterline Community in Portland – Multi

Waterline, Portland

Waterline, Portland

Portland, Ore.HFF recently announced closing the sale of Waterline, a newly built residential community located along the Willamette River in Portland’s North Pearl District. The company also arranged financing for the 243-unit apartment property.

HFF marketed the asset exclusively on behalf of the seller, Fore Property Co. and its finance partner. The property was purchased by Greystar at an undisclosed price tag.

Additionally, the firm worked on behalf of the new owner to place a floating-rate acquisition loan with MetLife. The HFF investment team was led by Managing Director Ira Virden and Director Carrie Kahn, while the debt placement team was led by Senior Managing Director Andy Scott, Managing Director Charles Halladay and Associate Director Michael Cosby.

“This is a perfect example of the continued healthy appetite for large, Class A, core product in urban

... read more at: https://www.multihousingnews.com/post/newly-built-community-in-portlands-north-pearl-district-changes-hands/