DENVER—Holland Partners Group, Vancouver, is investing in Denver.
The company has secured a $38 million loan through Freddie Mac to to fund the purchase of Monterey Heights, a 332-unit garden-style complex in suburban Denver. The complex is 93 percent occupied.
Jim Rice and Nick Santangelo of the Portland office of CBRE arranged the 10-year deal
Holland Partners, formed in 2001, operates acquisition, construction, property management and development arms in the Western U.S. It owns more than 21,000 units in Oregon, Washington, California, Colorado and Arizona.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
