Greystar buys Vancouver apartment complex the Pointe for $100 million

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The Pointe Flats in East Vancouver was just lately bought to Greystar for greater than $ 100 million, in keeping with the Portland Enterprise Journal. Since then, the title of the residence advanced has modified to Avana One Zero 9.

The vendor, California-based Vista Funding Group, purchased the residence advanced for $ 68 million in 2019, in keeping with Clark County’s actual property data.

In 2015, the property bought for $ 55 million and in 2010 for $ 31.25 million.

The advanced, at 3508 NE 109th Ave., affords 387 items. It’s the newest acquisition for South Carolina-based Greystar, which now owns 11 Vancouver residence complexes, together with the Aria, a brand new growth at 636 W. Sixth St. Greystar is predicted to carry property of roughly $ 32 billion and roughly $ 20,000 in 2019 Workers worldwide.

The punchline was a part of a $ 334 million sale of 4 properties by Vista Funding Group, in keeping with the Portland Enterprise Journal. The opposite three properties within the deal are in California.

Josh McDonald, senior vp of CBRE and dealer for gross sales, stated the Pointe Flats have been bought for $ 104 million and the deal was closed final month.

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