Lack of Rent Control Hands Investors Interesting Opportunity

Green Leaf River Pointe is a 387-unit multifamily property located in the Vancouver, WA submarket.

VANCOUVER, WA—Vista Investment Group continues its Portland, OR buying spree. Goldman Sachs Asset Management Private Real Estate’s joint venture with Vista recently acquired Green Leaf River Pointe, a 387-unit multifamily property located in the Vancouver, WA submarket of Portland, OR. The garden-style community is located northeast of downtown in east Vancouver, which provides a strong foundation of local employment and retail locations, as well as access to downtown and the Evergreen public school district.

“Vancouver represents a tremendous value proposition for the greater Portland area renter. Lower cost of housing, no state income taxes, good public schools; all while remaining in close proximity to PDX airport and the major employment center of downtown Portland. From the investor side, the lack of rent control also presents an interesting opportunity. For those reasons, we will continue to explore new investment opportunities in the market with Goldman Sachs Asset Management Private Real Estate,”  Vista Investment Group president Jonathan Barach tells GlobeSt.com.