Holland / Bay North Pacific Northwest Portfolio (Sold)

Moran & Company is pleased to announce that it has been selected as the exclusive listing agent for the sale of the ten-property, 2,534-unit Holland / Bay North Pacific Northwest Portfolio. The properties are being offered on an “as is, where is basis” at a price of $255,000,000, equal to $100,631 per unit.

The Holland/Bay North Portfolio represents the opportunity to acquire up to ten well-located and recently upgraded apartment communities in the Pacific Northwest at well below reproduction cost. Built between 1981 and 1997, eight of the properties are located in the greater Seattle area, one is in the Olympia, WA area, and one is in the greater Portland, OR area. The portfolio offers investors the unique chance to take advantage of accelerating rent performance expected as a result of the excellent supply/demand dynamics in this region. Significant value is also being created on the Portfolio because of higher rents generated by exterior and interior upgrade programs. The seller will consider both portfolio and individual property sales.

Tours will begin Monday, October 17th. To schedule a property tour or if you have questions, please contact Scott Davis or Tom Moran Jr., (714-444-3533) regarding the Holland / Bay North Pacific Northwest Portfolio.

*Please note that property-specific due diligence information has been sorted by property and may be accessed by opening the “view due diligence” link found under each individual property below.