PORTLAND, OR – Holliday Fenoglio Fowler, L.P. (HFF) announces $45.5 million sale of Bridge Creek, a 270-unit, garden-style multi-housing community in Vancouver, Washington.
The HFF team exclusively represented the seller, Aukum Group, and procured the buyer, Jackson Square Properties.
Bridge Creek is located at 9211 NE 15th Avenue near an array of shopping, banking and cinemas, as well as Interstates 5 and 205, Clark College and Washington State University. The property is also a short commute to downtown Portland and the Portland International Airport. Bridge Creek’s one-, two- and three-bedroom apartment homes feature contemporary layouts with fully equipped kitchens, large closets, in-unit washers and dryers and garages. The pet-friendly community also offers amenities, including a swimming pool with expansive sundeck, fitness studio, resident lounge, executive business center, off-leash dog park and playground.
The HFF team representing the seller included senior managing director Ira Virden and director Carrie Kahn.
About Aukum Group: Aukum Group (formerly Aukum Management) is a private real estate investment company focused on apartments in the western United States. The company partners exclusively with private accredited investors and select private equity funds. Aukum has acquired approximately 4,850 apartment units since its founding in 2009, and is actively managing a portfolio of over 4,000 units valued at over $750 million. Aukum is actively selling and acquiring new assets in select western markets.
About Jackson Square Properties: Jackson Square Properties is a private real estate investment company located in the San Francisco Bay Area that specializes solely in the purchase and ownership of multifamily apartment communities. Founded in 2004, Jackson Square Properties has expanded over the years to own a diverse pool of multifamily assets totaling more than 75 communities with 20,000 units in 10 states.
About HFF: HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.