Press Release brought to you by HFF

HFF announces sale of 291-unit apartment community in Centennial, Colorado

10/12/2017

DENVER, CO – October 12, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Greenwood Park, a 291-unit apartment community in Centennial, Colorado.

The HFF team marketed the asset exclusively on behalf of the seller, and procured the buyer, a joint venture between Holland Partner Group and Principal Real Estate Investors.

Greenwood Park comprises a mix of one- and two-bedroom units averaging 1,017 square feet.  Units feature built-in shelving, garden tubs, gas fireplaces, in-unit washers and dryers, walk-in closets and attached garages.  The 13.4-acre community is located at 6565 S. Syracuse Way in Denver’s booming Tech Center submarket positioning it near many major employers, including seven Fortune 500 headquarters.  Additionally, Greenwood Park is convenient to the Arapahoe at Village Center Light Rail station and Interstates 25 and 225, providing access around the Denver metropolitan area.  Common area amenities include a heated swimming pool, hot tub, fitness center, media room and business center.

The HFF investment sales team representing the seller included managing director Jordan Robbins and directors Jeff Haag and Anna Stevens.

About Holland Partner Group
Founded in 2000, Holland Partner Group (HPG) based in Vancouver, Washington, is a fully integrated real estate investment company.  Current assets under management and development represent approximately $5 billion in 25,000 apartment homes located in the western United States’ most sought after markets.  The company accomplishes its investment objectives in strategic alignment with its capital partners through its five integrated operating companies, including development, construction, acquisition, redevelopment and management. 

About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $74.7 billion in commercial real estate assets*.  The firm’s real estate capabilities include both public and private equity and debt investment alternatives.  Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
*As of 30 June 2017

About HFF
HFF and its affiliates operate out of 24 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.

Source

HFF

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