BEAVERTON, OR-HFF has closed the sale of Waterhouse Place, a 279-unit, garden-style multi-housing community here. HFF marketed the property on behalf of the seller, a joint venture between Guardian Real Estate Services and a value-added fund advised by UBS Global Asset Management.  A joint venture between Holland Partner Group and an affiliate of Heitman purchased the property free and clear of existing debt.

Waterhouse Place is located adjacent to Cornell Oaks Corporate Center and less than one mile from Nike world headquarters in Beaverton. Partially renovated in 2009, the complex features one-, two- and three-bedroom homes averaging 937 square feet each.
Community amenities include a nature trail and stream, two swimming pools, hot tub, 24-hour fitness center, barbecue and picnic area, and clubhouse.

The HFF investment sales team was led by director Ira Virden, co-head of HFF's national multi-housing investment sales group Sean Deasy, and senior real estate analyst Kerry Hughes.

“The community's superb location near several corporate headquarters such as Nike, Intel, Tektronix and Columbia Sportswear combined with plentiful community amenities, such as the 92-acre Tualatin Hills Athletic Center, The Streets of Tanasbourne and Tanasbourne Town Center, made this property extremely attractive to investors,” said Virden.